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The Assumptions Economists Make - Jonathan Schlefer Economists make confident assertions in op-ed columns and on cable news—so why are their explanations often at odds with equally confident assertions from other economists? And why are all economic predictions so rarely borne out? Harnessing his frustration with these contradictions, Jonathan Schlefer set out to investigate how economists arrive at their opinions. While economists cloak their views in the aura of science, what they actually do is make assumptions about the world, use those assumptions to build imaginary economies (known as models), and from those models generate conclusions. Schlefer takes up current controversies such as income inequality and the financial crisis, for which he holds economists in large part accountable.

Las diez mejores películas para entender qué es la economía Ya sé, me dirán ustedes que Wall Street, Margin Call… pero no hablemos de las más obvias y evidentes. Les dejo las que, en mi opinión, son las mejores películas sobre economía. El Pisito (Marco Ferreri) Si hay una película que, en mi opinión, muestra con toda su crudeza y realismo las dificultades económicas de la clase baja para encontrar una vivienda digna, es esta. 'La vida de nadie' está basada en la vida de Jean Claude Romand, creador de un esquema Ponzi Las uvas de la ira (The Grapes of Wrath, John Ford) No una película, una obra maestra sobre la Gran Depresión. La vida de nadie (Eduardo Cortés) José Coronado está simplemente insuperable en esta película basada parcialmente en la vida de Jean Claude Romand, creador de un esquema Ponzi con el que engañó a toda su familia y amigos. American Psycho (Mary Harron) Glengarry Glen Ross (David Mamet) Una gran obra de teatro convertida en una hermosa pero durísima película sobre el mundo corporativo, la competitividad y el negocio inmobiliario.

The (Many) Things Macroeconomists Don't Know - Justin Fox by Justin Fox | 10:39 AM March 23, 2012 Jean-Claude Trichet, now a few months into retirement, has no regrets about his eight-year tenure as president of the European Central Bank. At least, that’s what he said at Harvard’s Kennedy School Thursday night when a student asked him point blank. “I don’t regret anything,” was the response. But listening to the full talk (when there’s video, it will be available here), it was clear that Trichet did regret something about the last few years. He regrets that economists didn’t give him better advice. What Trichet said was that state-of-the-art macroeconomic theory was almost entirely useless in dealing with the crisis that began in 2007. Trichet finally reached for the last refuge of the frustrated economic policymaker: John Maynard Keynes. It is not a case of choosing those which, to the best of one’s judgment, are really the prettiest, nor even those which average opinion genuinely thinks the prettiest. Now, none of this is exactly news.

La Batalla por la Economía Mundial Este documental es relevante para comprender los días que corren, la actual crisis económica que tiene al planeta en conflicto y para detectar que todo ha sido una batalla ideológica muy bien elaborada. Realizado el año 2002, parte con uno de los momentos decisivos del siglo XX: la controversia entre Hayek y Keynes por definir el modelo económico que debería guiar el desarrollo de los países occidentales tras la crisis de los años 30 en Estados Unidos. Muestra también la reunión en las faldas del Mont Pelerin de 1947 organizada por Hayek, que marca el nacimiento del neoliberalismo.El documental, describe la victoria inicial de las tesis de Keynes y la consecuente marginación de Hayek, el autor de Camino de servidumbre (1944). Capítulo 2 Capítulo 3 Capítulo 4 Capítulo 5 Capítulo 6

anti-mankiw Entrevista Emilio Ontiveros. TIC, emprendedores y economía digital. Real-World Economics Review real-world economics review Click to subscribe for free and download the current issue Click here to join for free the World Economics Association (founded 2011, 14,500 members) and receive this journal and its sister journals Economic Thought and WEA Chronicles Click here to subscribe for free Current issue Issue no. 99 – 24 March 2022 Keynes’, Piketty’s, and an extensive failure index:Introducing maldevelopment indices Jorge Buzaglo and Leo Buzaglo Olofsgård 2 Externalities, public goods, and infectious diseases Spencer Graves and Douglas Samuelson 25 An essential journey back to the seeds of prosperity in a time of pandemics: Notes for a renewed agenda in development studies Fernando García-Quero and Fernando López Castellano 57 How resource-cheaply could we live well? The role of the IMF in a changing global landscape Jayati Ghosh 80 MMT, post-Keynesians and currency hierarchy: Notes towards a synthesis Luiz Alberto Vieira 90 Why not sovereign money AND job guarantee? download whole issue M.

La crisis financiera en el cine INTRODUCCIÓN El año 2008 fue el principio del fin de una de las crisis económicas y sociales más duras y agobiantes de la historia reciente. Tras la quiebra financiera internacional producida por muchos factores entre los cuales está la crisis bancaria llegó el momento de la recesión hasta niveles impensables siquiera hacía unos pocos meses. Todo ello fue la causa para que se produjeran cambios en lo económico, en lo político y en lo social cuyos efectos aún seguimos notando, y es que esta crisis parece que se alarga en el tiempo y en los efectos. Países como Grecia o Italia han tenido que ser rescatados o semirescatados, y otros como Islandia se han convertido en modelos de las recetas mágicas para frenar o superar esta crisis, salvando lógicamente las situaciones propias de cada país. Título: Simiocracia. La crisis económica fue el resultado de múltiples causas y condiciones socioeconómicas concretas de algunos países.

Economists Who Have Influenced Me | Ha-Joon Chang Many people find it difficult to place me in the intellectual universe of economics. This is not surprising, given that I have been influenced by many different economists, from Karl Marx on the left to Friedrich von Hayek on the right. The Neoclassical school has been the dominant school of economics for the last two generations, so I have also been schooled in it throughout my career. It can provide us with some very useful tools to analyse problems within a given structure, but it is not very good at understanding how the institutions, technologies, politics, and ideas that define that structure evolve over time. In this respect, Hayek is very different from the Neoclassical school, even though many Neoclassical economists mention him in the same breath as Milton Friedman, on the basis that he was one of the most influential advocates of the free market. At the other end of the political spectrum is Karl Marx. I have also been heavily influenced by Herbert Simon.

Post-Autistic Economics Movement Six winners of the Bank of Prize for Economics have written as follows. ". . . economics has become increasingly an arcane branch of mathematics rather than dealing with real economic problems" Milton Friedman “[Economics as taught] in 's graduate schools... bears testimony to a triumph of ideology over science.” "Existing economics is a theoretical [meaning mathematical] system which floats in the air and which bears little relation to what happens in the real world" Ronald Coase “We live in an uncertain and ever-changing world that is continually evolving in new and novel ways. Douglass North “Page after page of professional economic journals are filled with mathematical formulas […] Year after year economic theorists continue to produce scores of mathematical models and to explore in great detail their formal properties; and the econometricians fit algebraic functions of all possible shapes to essentially the same sets of data” Wassily Leontief Robert Solow Ian Fletcher

Stabilizing an Unstable Economy - Hyman Minsky - McGraw-Hill Education “Mr. Minsky long argued markets were crisis prone. His 'moment' has arrived.” -The Wall Street Journal In his seminal work, Minsky presents his groundbreaking financial theory of investment, one that is startlingly relevant today. He explains why the American economy has experienced periods of debilitating inflation, rising unemployment, and marked slowdowns-and why the economy is now undergoing a credit crisis that he foresaw. Stabilizing an Unstable Economy covers: The natural inclination of complex, capitalist economies toward instability Booms and busts as unavoidable results of high-risk lending practices “Speculative finance” and its effect on investment and asset prices Government's role in bolstering consumption during times of high unemployment The need to increase Federal Reserve oversight of banks

Do Economists Make Markets? This file is also available in Adobe Acrobat PDF format Chapter 1 Introduction Monetary Theory at Thirteen Thousand Feet La Paz, January 1986. The young Harvard economist who arrives at the airport has visited twice before, so he knows what to expect: the thin air of Bolivia’s capital, three and a half kilometers above sea level, which will leave him short of breath throughout his visit; the extreme poverty; the beauty of the mountains; the hyperinflation that is beginning. The economist, Jeffrey Sachs, goes on to deliver his advice to Bolivia’s planning minister and then its president. Later, Sachs was to muse on his meager understanding of the country to whose leaders he gave his crucial advice. Nevertheless, commented Sachs, a meager knowledge of the context had not stopped his advice on monetary policy being successful. The Question of Performativity Sachs’s advice to the government of Bolivia is unusual in that it marked the beginning of an exceptional degree of individual influence.