Britain’s economics students are dangerously poorly educated
by Phillip Inman from on (#3W6B7)
Universities that only train young people to be City analysts leave us unable to learn from the past or predict the future
Last year the chief economist at the Bank of England, Andy Haldane, gave a fear-inducing speech that warned of Armageddon in the jobs market. Robots threatened 15 million UK jobs, he said.
This dystopian picture of busy machines and queues of jobless Britons was replaced this month by a rosier view from PwC, which made the opposite claim: robots and artificial intelligence could create as many jobs as they destroy, which happens to be around 7 million.
It seems it is still seen as radical to analyse the flows of money in the world as if much of it was stolen
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