Heterodox
The conversation started with my investment person about two particulars which I was curious as to what he was expecting in returns. Those two were losing somewhat over the last 5 months. Excitedly, he started off on how the Fed was going to rein in inflation. I listened and answered. However you do it, raising rates is not going to fix the infrastructure for supply chain, much less JIT, and the processes of increasing supply. In 2008, we had...
Read More »Robert Skidelsky: Lecture 1: The Anatomy of the Crisis
Another video of Robert Skidelsky, a British economic historian and the author of the best biography of John Maynard Keynes in existence. Skidelsky’s Keynesian economic ideas have also converged with Post Keynesian economics over the years.Here he gives lecture 1 of a series at the University of Warwick on economics. This lecture is an analysis of the financial crisis of 2008 and how orthodox neoclassical economics brought the world to this catastrophe.[embedded content]
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