The Economics of Good and Evil
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Uploaded by theRSAorg on Jul 1, 2011
Former economic advisor to President Vaclav Havel, and one of the '5 Hot Minds in Economics', Tomáš Sedláček visits the RSA to investigate the ethics of economics.
Listen to the full audio:
http://www.thersa.org/events/audio-and-past-events/2011/the-economics-of-good...
- 424 likes, 20 dislikes
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Top Comments
All Comments (128)
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making the mistake of thinking a country is rich because they borrowed money, like many governments today
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@lawchristopher Yeah me too. Only a true philosopher can convey a message that a 14 year old can understand especially when the message encapsulates some of the most complex statistical and stochastic measurements/evaluations. I'm gonna go read his book, he came across as a deep thinker. Glad you enjoyed it too. Peace!
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@HELLxYA Sadly those who were turned off by it will misinterpret your words as well. We've become so averse to anything that smacks of faith that we even reject opportunities to learn from it. Perhaps necessity will force us to learn. Peace to you
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@OneSBeatz U and me both. This is the classroom of the future, bring ur notebook! Forgt the xpnsv colleges, they exist 2 perpetuate themselves. True wisdom can always be had for next to nothing! You know you've found real wisdom when you don't need a degree to understand someone. If a model is too complex to understand with a high school diploma then it really doesnt make sense! Glad to meet u!
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Man I love this guy! Such a nerd!
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@star999nine That explains why Czech politics are accused to be blind for some topics... ;-)
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i'd hate to be standing right in front of this guy while he's talking. good way to get your eyes poked out.
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@rustyrusky But he does talk about all that--more so in the GoogleTalks lecture. He gets an hour there.
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What a bunch of nonsense, he talks about the business cycle as if it was just there for no apparent reason. But we live in a world of causality. The Boom causes the Bust, and something must have caused the Boom. And the cause is easy money: artificially low interest rates, government guaranteed housing credit, you name it.
It's startling how a rational minded person can't get the concept of cause and effect into his thick skull.
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dumb keynesian nonsense, (you don't know a good year from a bad year)
so all they ever do is contract supplies of everything, and hoard it.
And it never seems to get put into the economy..
if any thinks it does (please show me where)
decreasing amplitude in a so called "business cycle" = FALSE SCARCITY
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We need Sauron.
Scientisticsoviet 7 months ago 7
Make these louder please!
Danmega2 7 months ago 4