I used to teach a module with this title at City, University of London, and the students seemed to really enjoy it because in it we used data and theory, but then looked at the real mess that is the real world, where nothing is ever as clear as any economist would like and talked about how to make decisions despite all the problems that this creates. This is my approach to economics. Theory gets you so far, and then you have to talk about what is possible. It seems that this upsets some people but in this video I explain why this approach is, for me, the only sensible route any political economist can go down if they want to deliver real-world solutions to real-world problems. ABOUT RICHARD MURPHY Richard Murphy is a chartered accountant. After training with what is now KPMG he established his a firm of accountants in London, of which he was subsequently senior partner, in parallel with a career as an entrepreneur and company director which lasted until his early 40s. He then moved to a career in campaigning and academia. He co-founded the Tax Justice Network in 2003, the Green New Deal in 2008, the Fair Tax Mark in 2013 and the Corporate Accountability Network in 2019. From 2015 to 2020 he was Professor of Practice in International Political Economy at City, University of London and is now Visiting Professor of Accounting at Sheffield University Management School. His best known book is 'The Joy of Tax'. Follow Richard on his Twitter: www.twitter.com/RichardJMurphy or on his blog: http://www.taxresearch.org.uk/Blog/ Recorded at Spotted in Studios http://www.youtube.com/c/SpottedinStudios

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