Nobel Prize Winning Economist Joseph Stiglitz Explains the G20, the Meltdown and What Comes Next
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9:38
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I absolutely love this man. He's one of the few economists who has retained the proper perspective and emphasizes the role of economics as a tool to be used to better society rather than a set of "laws" around which society should be built.
If you view economics from the latter perspective, the obvious course is efficiency at all costs. Unfortunately the most efficient cost of labor is zero (and yes, that's exactly what i'm implying)
wahr1 2 years ago 7