5 of 5: Roger Farmer: "How the Economy Works"

"Of all the economic bubbles that have been pricked," the editors of The Economist recently observed, "few have burst more spectacularly than the reputation of economics itself." Indeed, the financial crisis that crested in 2008 destroyed the credibility of the economic thinking that had guided policymakers for a generation. But what will take its place?

In this lecture based on his new book, How the Economy Works, leading economist, Roger Farmer, provides a jargon-free exploration of the current crisis, offering a powerful argument for how economics must change to get us out of it.
It is more important than ever that the public understands the dominant schools of economic thought, and how economists' beliefs influence the policies that are having such a huge impact on our everyday lives.

- Why are recessions declared over while high unemployment persists?
- Is inflation around the corner?
- Must we live with a jobless recovery?
- Is the fiscal stimulus plan working?
- What is the role of central banks in the 21st century?

Roger Farmer answers these questions and provides a new theory that combines the best ideas from Keynesian and classical economics.

Category:

Education

Tags:

• Roger
• Farmer
• Pepperdine
• Public
• Policy
• University
• Economics
• Crisis
• Financial
• Keynes
• Classical

[mohammed66016686]

I like the part, 'So what are we going to do? mmmmm :S .... Well we're running out of time so Im going to stop now :)

[billoakesattablthree]

excellent video - wealth of information - thx for posting. I am a retail trader and find having a better idea of the whys and wherefors of economics helps me besides studying day to day world economic events - again much thx for this video.

[jackaltwothree]

Interesting summary of economic thought. Prof. Farmer is an excellent lecturer.