The Economics of Imagination: What Happens When Models Replace Reality

The Economics of Imagination: What Happens When Models Replace Reality

By Economic Research Council

Join Nat Dyer to explore imagination, models, and the making of economic knowledge.

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Online

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  • 1 hour
  • Online

About this event

Business • Finance

Modern economics is built on models: elegant, mathematical, and often detached from the messy realities they seek to explain. But what happens when these models start to shape reality itself? Can imagination play a constructive role in creating a better economics?

Join the Economic Research Council for a stimulating talk with Nat Dyer, whose work challenges mainstream assumptions about how economic knowledge is produced. Nat Dyer will explore the powerful, and sometimes dangerous, influence of models on how we think about trade, markets, and society.

This event will consider questions such as:

  • What role does imagination play in economic theorising?
  • How have abstract models come to define our understanding of the economy?
  • How can we use observations of the real word to enable economics to function better?


About the speaker:
Nat Dyer is a writer and researcher with a deep interest in the history of ideas. Ricardo’s Dream has featured in the Financial Times and The Guardian, as well as a range of podcasts. His work has been reported on Channel 4 News, the BBC, as well as the New York Times. He is a Fellow of the Schumacher Institute, the Royal Society of Arts (RSA) and the Bath Royal Literary and Scientific Institution (BRSLI).

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Economic Research Council

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Free
Nov 18 · 11:00 AM PST