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ICR 132: Cahal Moran, The Econocracy

07/11/2016 Posted by Martin Bamford Interview, Podcast No Comments

 

My guest for this episode of Informed Choice Radio is Cahal Moran.

Cahal is chairman of the Post-Crash Economic Society.

The Post-Crash Economics Society is a group of economics students at The University of Manchester. It is their belief that the content of the economics syllabus and teaching methods could and should be seriously rethought.

He became a member of the PCES after becoming dissatisfied with the narrow and abstract nature of economics education during his undergraduate degree.

Cahal is a co-author of The Econocracy: The perils of leaving economics to the experts.

One hundred years ago the idea of ‘the economy’ didn’t exist. Now, improving the economy has come to be seen as perhaps the most important task facing modern societies.

Politics and policymaking are conducted in the language of economics and economic logic shapes how political issues are thought about and addressed. The result is that the majority of citizens, who cannot speak this language, are locked out of politics while political decisions are increasingly devolved to experts.

The Econocracy explains how economics came to be seen this way – and the damaging consequences. It opens up the discipline and demonstrates its inner workings to the wider public so that the task of reclaiming democracy can begin.

In this episode of Informed Choice Radio, I speak to Cahal about how an economics education is failing to equip experts with the tools they need, why economics should be more of an art form, and why we need to start talking about economics in a more accessible way.

Welcome to The Econocracy with Cahal Moran, in episode 132 of Informed Choice Radio.

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Some questions I ask

– How did you get into the field of economics and become a Phd student studying that particular field?

– What does a traditional economics education look like, what are they being taught these days?

– Would you argue that economics needs to be both an art and science?

– What an readers expect from the book, what subjects does it cover?

– Hows the book and the movement being received at university, what do your professors think?

-Why did the general public stop trusting the experts when it came to economics?

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Win a copy of The Econocracy

I’ve got a copy of The Econocracy by Joe Earle, Cahal Moran and Zach Ward-Perkins to give away to one lucky listener.

Here’s how you can win. Leave an honest review of the Informed Choice Radio podcast on iTunes or Stitcher.

You can find us on iTunes by visiting icradio.co.uk/itunes and on Stitcher at icradio.co.uk/stitcher.

Once you’ve left your review, let us know about it and we will put your name in the hat to win a copy ofThe Econocracy by Joe Earle, Cahal Moran and Zach Ward-Perkins.

Drop me an email to [email protected] or tweet me at @martinbamford to let me know you’ve left a review.

I’ll announce the winner in episode 137 of Informed Choice Radio, next Friday, 18th November 2016, so leave your review and get in touch please by midday on Wednesday 16th November.

Useful links mentioned in this episode

–The Econocracy on Twitter

–The Econocracy by Joe Earle, Cahal Moran and Zach Ward-Perkins

–Post-Crash Economics Society

–Post-Crash Economics Society on Twitter

Thank you for listening!

To get new episodes of Informed Choice Radio sent directly to your device as soon as they are published, you can subscribe on iTunes or Stitcher

Your reviews on iTunes are incredibly helpful and really appreciated. We get notified about each one; please leave a note of your name and website URL so we can mention you in a future episode.

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About Martin Bamford

Your host for Informed Choice Radio is Martin Bamford, an award-winning Chartered Financial Planner and Fellow of the Personal Finance Society. Martin is Director of Client Education at Informed Choice and the author of several personal finance books including The Money Tree, Brilliant Investing and How to Retire 10 Years Early.

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