Age of Economics: in the first part of this project a diverse group of global thinkers answers 8 fundamental questions about economics and capitalist civilization. (Interview number 10)

0:00 - Prologue
01:20 - Intro
01:39 - 1. Why does economics matter?
02:43 - 2. What are the differences between economic science and economic engineering?
05:21 - 3. What role does economics play in society? Does it serve the common good?
08:31 - 4. Economics provides answers to problems related to markets, efficiency, profits, consumption and economic growth. Does economics do a good job in addressing the other issues people care about: climate change and the wider environment, the role of technology in society, issues of race and class, pandemics, etc.?
14:03 - 5. As we live in an age of economics and economists – in which economic developments feature prominently in our lives and economists have major influence over a wide range of policy and people – should economists be held accountable for their advice?
17:19 - 6. Does economics explain Capitalism? How would you define Capitalism?
23:10 - 7. No human system to date has so far been able to endure indefinitely - not ancient Egypt or Rome, not Feudal China or Europe, not the USSR. What about global Capitalism: can it survive in its current form?
29:20 - 8. Is Capitalism, or whatever we should call the current system, the best one to serve the needs of humanity, or can we imagine another one?

About Andrew S. Nevin
Canadian. Economist, Advisory Partner and Chief Economist at PwC Nigeria, working at the nexus of economics, strategy, and regulation

Andrew S. Nevin, PhD is an iconic figure in Nigeria, playing a number of key roles to advance Nigeria’s and West Africa’s economy and society, including: Founding Director of the Africa Institute for Leadership and Public Administration; Member of the Advisory Board at Lagos Business School; Member of Nigerian Economic Summit Group Board Committee on Research; Tireless advocate for innovation in Nigeria. Some of his initiatives include: One of the leading advocates for Blockchain technology adoption in the country, including sponsoring the Blockchain website www.blockchainafrica.io; Co-founder of Binkabi, a blockchain-enabled trading platform trying to increase the incomes of the 500m farmers in developing countries (www.binkabi.io); Co-founder of iKoN (www.ikon.energy), a Nigerian company focused on bringing a unique solar energy technology to Nigeria (www.i-kabin.com); Advisor to several start-up companies led by young Nigerians. Andrew is the Advisory Partner and Chief Economist at PwC Nigeria. He is one of PwC’s leading global thinkers, working at the complex intersection of economics, strategy, capital markets & investment. He has over 32 years of professional experience as an entrepreneur, private equity investor, line manager, economist & strategy consultant. He started his professional career at McKinsey & Company, serving in the Toronto & Paris. Before joining PwC, he spent 10 years living in China and was President of United Family Hospitals (China’s pre-eminent international hospital chain) during the SARS crisis in 2003-2005. He holds a PhD in Economics from Harvard University; MA in Philosophy & Politics from Balliol College, Oxford University (where he studied as a Rhodes Scholar), and a BSc (Hon) in Computer Science & Mathematics from University of Western Ontario, Canada. In April 2011, he was named Strategy Consultant of the Year for 2010 by the Management Consultants Association in the UK. Andrew is a Canadian citizen.

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Interview by Julian Karaguesian

Music: J.S. Bach, from The Well-Tempered Clavier. Kimiko Ishizaka, piano. Video by Fabio Dondero