Economics Profession
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Toxic Textbooks
Nov 7, 2011
The Toxic Textbooks movement devotes energy to curriculum reform as well. Its purpose is to galvanize student protests and “encourage schools and universities to use economics textbooks that engage honestly with the real world.”
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Imagining a New Intro Economics
Nov 2, 2011
Yesterday, Harvard students of Ec 10 staged a walkout to draw attention to the bias they detect in the course.
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A Response to John Kay's Essay on the State of Economics
Oct 10, 2011
The optimism embedded in the efficient market hypothesis has been one of the main sources of the recent turmoil
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A Response to John Kay's Essay on the State of Economics
Oct 5, 2011
The financial crisis of 2007-2009 should have been sufficient empirical evidence to indicate that the axiomatic basis of the mainstream theory needs to be replaced.
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A Response to John Kay's essay on the State of Economics
Oct 4, 2011
The future of macro, he says, may well make “the formation and revision of expectations an object of analysis in its own right.”
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The Map Is Not the Territory: An Essay on the State of Economics
Oct 4, 2011
The reputation of economics and economists, never high, has been a victim of the crash of 2008.
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Report of the Economics Curriculum Committee Task Force
Apr 8, 2011 | 01:15—02:00
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Reforming Economic Theory
Apr 22, 2010
Joseph Stiglitz at the Institute’s debut conference in Cambridge, UK (2010).
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Conference paper
What Kind of Theory to Guide Reform and Restructuring of the Financial and Non-Financial Sectors?
Apr 2010
The purpose of the paper is to argue for attention to be paid, not only to choice of theory, but also to choice of theoretical approach, in order to address issues posed by the crisis.
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What Kind of Theory to Guide Reform and Restructuring of the Financial and Non-Financial Sectors?
Apr 8, 2010 | 09:50—11:40
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Capitalism: Competition, Conflict and Crises
The aim of the two-semester sequence is to explore a coherent alternative to neoclassical and post-Keynesian theory that does not rely in any way on concepts of utility maximization, rational choice, rational expectations, or perfect/imperfect competition.
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After the Crisis
Many thought the financial crash was a final blow to capitalsim. Why does it still reign supreme? Anatole Kaletsky outlines the shape of things to come.