The last 25 min of the Monday Lecture dealt with the topic of Keynesian Theory and its relation to science. This is linked below -- The same theme is pursued in the Wednesday lecture, where we show that the scientific approach of Keynes was rejected in favor of a Greek Axiomatic approach, after his death in the 20th Century.
The Wednesday Lecture has been uploaded. The main message of this lecture is that the "scientific" method is the natural way that human being think, and babies are born knowing. This means building theories from our experience and observations. The idea that somebody can write equations sitting in his room, and from these ideas he/she can learn about the theory of trade between Venezuela and Brazil is ridiculous. Modern Economic Theory is based on a ridiculous methodology, and was rejected by Keynes because the implications of these axiomatic theories conflicted with observations. Unfortunately, economists believe in their axioms and theories more than in real world observations, so they eventually rejected Keynes and went back to the imaginary world of perfection in their minds, where mathematical models do not need to be cross-checked against realities. The video-taped lecture is linked below (85m(
L5: Keynesian Unemployment and the Scientific Method - Lecture explains how failure to understand scientific method leads to terrible economic theory.
L4b: Keynes vs Classics On Unemployment - 2nd part of 4th lecture on how Keynes followed a scientific approach while Classical Economists were axiomatic.
Efficiency Wage Hypothesis: Kanwar Abbas + Asad Zaman - No slides for L4b -- lecture used directly the article linked -- SKA and Zaman on Efficiency Wages