An Interesting Article by A British Economist on Creativity And Other Thoughts on Economists and Creativity

This probably goes to many conversations that I've had with some of my friends lately. What makes the outside world work? Here's a very short and brief blog post on that same need entitled "Why Creativity Needs Economists and Economists Need Creativity". In his short blog post, it goes through what is necessary for graduates in Economics to apply creativity to whatever they do. I think this is perhaps more relevant to those who are involved in Econ Research as well. What do I mean by this? I refer it to how Paul Samuelson deeply embedded rigorous mathematical principles into his honorable introduction of Keynesian Economics into the deeply flawed neoclassical framework of which economists in the past had operated.

By reading both the Bernanke interpretations of the Great Depression and Paul Samuelson's landmark dissertation, we can observe that the field itself need to be constantly changed if it will be effective in its prediction of financial crises. I have read several papers that mentioned that these uncommon and misplaced financial crises could be predicted, but I beg to differ. Maybe researchers can deviate from the established framework that was proven wrong during the latest Great Recession of 2008 and try to think creatively of new models and new solutions. I believe that these words could be applied to economic theory on economic and financial crises as a whole. This is a mystery that I'm constantly thinking of ways to resolve this as I've explored all corners of current economic publications. I've certainly found some interesting arguments, but I think a concrete answer has to yet to be fully found on the most important theoretical questions. Do we need to throw out many of the current foundations of macroeconomics in order to found something new and fresh? Or can we browse through the explanations of many theorists such as Keynes, Samuelson, Lucas, Barro, etc? I think there needs to be something new and original to be introduced into this equation and hopefully something will come into fruition in the coming years.