Finance Education "After" the Crisis
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Uploaded by ProfSteveKeen on Jul 18, 2011
Finance theory, since it takes neoclassical economics as its starting point, is even more flawed than neoclassical economics itself. Here I point out how absurd its abuse of the English language has been--using "Efficient" and "Rational" to describe behavior that any sensible person would see as "prophetic"--and discuss how it should be reformed.
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Since I'm already broke I suppose I should invest in a good squirrel gun rather than the market.
KenMacMillan 3 months ago
death by powerpoint
great content. but ah, the presentation is mind numbing.
LORDNARCISSUS 5 months ago
I was overdosed on Rational Expectations during my degree course in 1982-1985. Imagine that. I couldn't see how you look outside of the lecture theatre at the wider world in the early 80s and imagine that RE had any useful purpose. It was just a death star for macroeconomics.
AnniesEggs 7 months ago
@timmit59 double derivative with respect to time
DavidAKZ 7 months ago
Very interesting. I've become fascinated with finance/economics for a few years and have mainly been reading the Austrian school, how valid would you consider this? Also how do you calculate the acceleration of debt? Is it a double derivative of what measure?
timmit59 7 months ago
thanks Steve.
DavidAKZ 7 months ago
thanks Prof SK!
longltran 7 months ago