Part 2/8:
In previous episodes, we addressed several foundational topics, including defining wealth, examining wealth inequality and its economic effects, and discussing why many economists neglect this pivotal issue. Today, we explore the speaker's personal journey of realization regarding wealth inequality's central role in economic problems.
The Journey from Conventional Economics
The speaker began training at the esteemed London School of Economics (LSE) and entered the financial world during a tumultuous period, just months before the 2008 financial crisis. As a short-term interest rates trader, the focus was initially on predicting central bank interest rates without considering wealth distribution and its implications.