Season 8 - Episode 5 - Jayati Ghosh

In standard economic theory monopolies are generally seen as leading to "sub-optimal outcomes" (they are bad!). However in their own discipline one could argue we have seen one particular approach to economics dominate over recent decades. Is this sub-optimal? One economist in particular, Jayati Ghosh, would argue yes, and point to the negative impacts of having just one "voice" dominate…