Smart Talk: Smart Talk with Edward Dodson, Dr. Marty Rowland and Daniel Bromley

Why Mainstream Economics is Failing Us: The Need for a Paradigm Shift In this episode of Smart Talk, Edward Dodson and his guests, Dr. Marty Rowland and Economist Daniel Bromley, emeritus professor at the University of Wisconsin, Madison discuss major shortcomings of mainstream economics. They critique its excessive reliance on abstract models with little relation to reality and its inability to predict and therefore prevent financial crises. This episode also covers a broad range of issues, such as the role of land in the economy, the nature of property rights, the rise of finance capital, and official development assistance; where good intentions and billions of dollars in aid money failed to make a dent on poverty.