467 Videos
-
Video
Inequality in Asia: The Local Effects of Global Capitalism
Feb 16, 2012
Inequality did not increase during the early stages of economic development in Japan and the East Asian Tigers. But in India and China it did. Why is that?
-
Video
Why New Technologies Do Not Make Poor Countries Rich
Feb 7, 2012
Over the past two hundred years, poor countries have become faster at adopting the technologies of rich countries. So why is it, the economist asks, that poor countries have remained poor, by and large?
-
Video
Property Rights and Growth: Lessons from Slavery
Jan 31, 2012
Strong enforcement of property rights is good for economic growth, says the conventional wisdom. The link may not be as clear cut, says Suresh Naidu
-
Video
Credit Booms Gone Bust
Jan 24, 2012
Carmen Reinhart and Kenneth Rogoff tell the history of financial crisis as a tale of excessive public debt. But what more commonly drives financial instability, says Moritz Schularick, is excessive private debt.
-
Video
Facts and Values Are Entangled: Deal with It
Jan 9, 2012
Are there more poor people on our planet today than there were last year? Many economists would approach this question as mainly a technical problem, a matter of counting.
-
Video
Bottom Up Fiscal Policy: Direct Employment of the Unemployed
Dec 11, 2011
To cure unemployment, mostly we prime the pump: we devise fiscal strategies on the presumption that jobs follow economic growth. But the strategies have not worked, unemployment remains high.
-
Video
The Next Convergence
Dec 1, 2011
The Future of Economic Growth in a Multispeed World
-
Video
Irish Crisis Demands New Economic Thinking
Nov 28, 2011
Most “state of the art” macro models trivialize financial flows and largely neglect the interaction between finance and industry. That is why they failed at predicting and illuminating the collapse of the Irish economy.
-
Video
Why Economics Needs Data Mining
Nov 17, 2011
Cosma Shalizi urges economists to stop doing what they are doing: Fitting large complex models to a small set of highly correlated time series data.
-
Video
Macroeconomics From the Bottom Up
Aug 30, 2011
In 2006, the Fed asked its macroeconometric model what would happen if house prices dropped by 20%. The model projected the past into the future and said: “Not much.” Well, the financial crisis proved it wrong.
-
Video
Measuring Systemic Risk To Empower the Taxpayer
Aug 22, 2011
Banks take on excessive risk since they know, in case of failure, the taxpayer will step in to rescue them. That is a form of free insurance, and Ed Kane wants to end it.
-
Video
How Government Helps, and Wall Street Hurts, the Innovative Enterprise
Aug 21, 2011
Innovation drives economic growth and welfare, and the industrial corporation drives innovation, says William Lazonick. But just how do corporations innovate?
-
Video
The Coase Theorem As Fiction
Aug 17, 2011
When externalities are present and transaction costs are absent, private parties will strike welfare-enhancing deals regardless of who owns what. In a frictionless world, bargaining leads to efficiency. That is the essence of the Coase Theorem, and it is fiction, according to Steven Medema.
-
Video
Financial Fragility in a Network of Trade Credit
Aug 16, 2011
The physicist Sorin Solomon begins to feel dizzy when the economist Leanne Ussher talks econ lingo. Yet he listens, because the two of them have found a productive area of collaboration: some economic phenomena, they find, can be explained without recourse to the quirks that feed into human decision making.
-
Video
Why Is There a Nobel Memorial Prize in Economics?
Aug 16, 2011
The Nobel Memorial Prize defines high achievement in economics, and it validates the discipline’s claim for scientific authority. And yet, historically, it can be understood as a reflection of domestic policy conflicts in Sweden.