Young Scholars Initiative: The Next Generation of New Economic Thinkers

Young Scholars Initiative: The Next Generation of New Economic Thinkers

September 17, 2019 7 By Ronny Jaskolski


– Economic. – Inequality. – Money. – Gender. – Uncertainty. (dramatic violin instrumental) – People have a shared
feeling that there’s a crisis in economic thinking. – We have a kind of attachment
to the existing ways of thinking about economics
which needs to be challenged. – It’s a hugely urgent issue now that we come up with the right ideas to explain why things,
why these things happen. Have to rely on all the
young people to do this because the old ones are often
beholden to the old ideas. – Right now economics is a bit like a kind of established church where nobody is really allowed
to think very differently and like most established churches, they try to get you early and then brainwash you. – Sometimes academia is quite firmly based on certain ideas, certain
ideological orientation but I believe what YSI provides for us to struggle
against the establishment. – In order to start thinking
about new kinds of paradigms and adapting to change in the future. – To be a good economist, one can not only be an economist. – It’s a project with a lot of heart. – YSI, Young Scholars Initiative, is a group of young, very,
very dedicated people from advanced undergraduates
through graduate work who focus on economics from
a skeptical perspective. – YSI basically is pretty
important for sort of opening people’s minds up fast. – I think it’s really
crucial to have face to face communication. – We are a community of
global, critical thinkers. – We’re trying to break
intellectual paradigms and build new ones. – It brings the enthusiasm
of all of these different graduate students and masters
and PhD students together. – And I’ve been just
incredibly impressed by the intellectual energy, the degree of commitment to
approaching economic issues. I also like the diversity in it. – The diversity and the fact
that it’s super inclusive. Like, I’m an example of this. – YSI came into existence
rather how would I say coincidentally but it was
one of those opportunities you had to seize. – [Man] This was an initiative of students from the very beginning. – On one hand we have to
pay very close attention to detail. That’s what we’re doing
in all our working groups. We are working with very in depth topics while at the same time not losing track of the big picture. – They found this blend, right? Between sort of face to face, small, slow, working through carefully,
weekly meetings with a crowd that is the same every
week so that you can really get into stuff and then larger and going back and forth. I think you need both. – The number of working
groups which represents specific thematic
interests has multiplied. – I think there’s a good deal
of interest in inequality, in injustice, in environmental issues. I do really like the fact that people are going into policy,
going into consulting. Working with businesses. – Communicating with
scholars, learning from them, and also establishing relations with them. – [Man] Sharing and
hearing will facilitate my future project and then most of all meeting great scholars here
is the best thing ever. – These people are setting an example of a community that can stay
alive for a very long time. – [Woman] I mean academia
is not just content. It’s also lasting relationships. This is also I think how
the world works in a way. – 20 years from now I hope YSI is an enormous organization. A very significant
proportion of the population of people who are
aspiring to be economists and there’ll be a balance of power that will shift in favor of
dynamism and flexibility. All the kind of things economists
prescribe for the world when they run their own
profession like (indistinct). – I think this will be
a lifelong community. – It seems to me like a
great place to get in touch with other people, find support, and get help in doing
what you think economics really should be doing in the world. – That’s a phrase that
maybe gets used too often. But, it’s very good and captures YSI. Be the change that you want to see. – I would say that if you
want intellectual enrichment and collaboration across the globe with different perspectives
on challenging economic paradigms whether it’s inequality, economic development, finance, and law. This is the place to be. And we hope to contribute to society. – [Man] And that can change the world.