Sunday, 25 January 2015

Conventional economics and crashes

For a long time, it has been obvious to the man in the street that the concept built into traditional economics that everybody in market economies behaves in their own best interests is unreal and often dangerous. My more academic friends on CIX keep telling me that this simplistic idea went out of the window a long time ago, but it seems from this programme that there is still dissatisfaction with current economics courses. This group also seems to be relevant.

What worries me is that those of our political masters who graduated from PPE courses at the end of the last century are steeped in the conventional wisdom.

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