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Macroeconomics

Macroeconomics
Related:  Fiscal Education

A Brief History of the Post-Autistic Economics Movement www.paecon.net A Brief History of the Post-Autistic Economics Movement Theories, scientific and otherwise, do not represent the world as it is but rather by highlighting certain aspects of it while leaving others in the dark. It may be the case that two theories highlight the same aspects of some corner of reality but offer different conclusions. In the last century, this type of situation preoccupied the philosophy of science. From the 1960s onward, neoclassical economists have increasingly managed to block the employment of non-neoclassical economists in university economics departments and to deny them opportunities to publish in professional journals. Many factors have contributed, but three especially. Third, todays economies, including the societies in which they are embedded, are very different from those of the 19th century for which neoclassical economics was invented to describe. But eventually reality overtakes time-warp worlds like mainstream economics and the Soviet Union.

Khan Academy 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 ToxicTextbooks.com

Evaluez votre niveau de langues Texte intro: L’évaluation du niveau linguistique d’une personne comprend forcément une part de subjectivité. Des adjectifs comme «moyen», «bon», «courant», etc. ne sont pas absolus. Standards européens des niveaux de langues Mentionnez d’abord votre langue maternelle. Si vous avez obtenu un diplôme en langue, n’utilisez pas le standard européen mais précisez son année d’obtention et les résultats s’ils sont exceptionnels. Le portfolio européen des langues (PEL) peut être utilisé pour toutes les langues et dans n’importe quel environnement institutionnel. Pour plus d’info voir : www.coe.int/portfolio. 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

HOTELSMag.com A Quick Note on Wealth and Balance Sheet Debates I still like using my map for understanding why people disagree on the best course of action on getting the economy going even if they are in agreement that something needs to be done. Take this exchange in Democracy Journal – Arguing About Growth – between Larry Mishel of EPI and William Galston of Brookings Institute. Galston: As Mishel says, I’ve been skeptical about the adequacy of the traditional demand-side stimulus strategy that the Administration has pursued. That’s not because I thought then, or think now, the government should stand back and do nothing, or because I thought stimulus was completely wrong-headed… Mortgages are the epicenter of household debt, and thus of our economic woes as I understand them. And Mishel responds: Galston is correct in noting that the aftermath of a financial crisis must be treated differently from your plain vanilla, high-interest-rate-caused recession, as Rogoff and Reinhart argue. I’m with Mishel and Bivens. Like this: Like Loading...

Hotel Management provides the top news, expertise and insights into the hotel and hospitality industry | Hotel Management Fourth Corner Exchange Inc - Brief Introduction The Life Currency Cooperative Exchange Have you ever wondered why, when millions of people have been working for positive change for so many years, the world is still in such a mess? Does it seem like no matter how much good work is done, the destructive juggernaut of modern culture steams ahead regardless, intent on destroying the planet and the quality of people's lives? There is an invisible but powerful underlying structure in our lives and our culture, one which supports and rewards antisocial behavior, the destruction of the environment and our communities, and the exploitation of people and resources. At the same time, it penalizes altruistic, social, cooperative and community oriented behavior. What is it? Surprised? In fact, money is far from being a 'neutral medium of exchange,' as it is often claimed to be. Toxic Money In our present monetary system, citizens and businesses are competing for an artificially scarce resource (money). Healthy Money Life Dollars (Life Currency)

www.cthrc.ca LBJ’s War On Poverty An Expensive Failure That Never Ends Geez, it’s been 50 years since Lyndon Johnson launched his “war on poverty” and the war never ends. It goes on and on, and gets more and more expensive. It didn’t eradicate poverty, it expanded it as it made living in poverty comfortable. Paying for all of these policies has put the squeeze on the middle class, so those of us who work hard every day aren’t much better off than those on the dole. Heck, some days I feel like we’re worse off. Phyllis Schlafly notes that this is a very sad anniversary that should be mourned. This year, the cheerleaders for big government are celebrating the 50th anniversary of the launching of Lyndon Johnson’s War on Poverty.This should be an occasion for mourning, not celebration, because it was the most expensive legislative failure in our history.Yes, failure. Read the whole thing for a list of all of the expensive programs Johnson started. Oh, and you’ll never guess who is a big fan of LBJ and how he got things done.

Analysis of 2008 Collapse Shows Economy Networked for Failure A new study of the 2008 collapse has joined economics and network theory in a graphic depiction of inevitable failure. In the preceding years, formerly far-flung sectors of the economy had been pulled together, linked by a newly deregulated financial industry. Thus intertwined, the economy took a form known to network theorists as “intrinsically fragile,” in which a local glitch would cascade into system-wide catastrophe. “The fact that the system became fundamentally fragile is very clear in the data,” said systems theorist Yaneer Bar-Yam, president of the New England Complex Systems Institute. Economists have pointed to financial industry entanglement with the entire U.S. economy as a crucial factor in the 2008 collapse, but Bar-Yam’s team drives the point home with new clarity. In the study, published November 16 on arXiv.org, the researchers used network-mapping tools to analyze the relationships between 500 corporations with the highest stock-trading volume. See Also:

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