The last day of the 14th Path to Full Employment Conference/19th National Unemployment Conference was held in Newcastle today. Given I host this conference I had very little spare time today. I have uploaded a video of our presentation on Framing Modern Monetary Theory and the slide show with audio narration.
You can access the draft – Framing Modern Monetary Theory
Bill Mitchell – billy blog
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at the Charles Darwin University, Northern Territory, Australia
2 comments:
Bill says:
"The so-called blogosphere is populated with
self-styled macroeconomic experts who make claims about such things as the state of
the federal budget that are erroneous at best. Reliance on “common sense” logic or
intuition becomes a dangerous guide in these cases and not all opinion should be
given equal privilege in public discourse."
But I dont know about this Bill check out this index that Mike found on the most influential blogs out there:
http://www.onalyticaindexes.com/2013/07/31/top-200-influential-economic-blogs-aug-2013-2/
The top 20 is populated by mainly PhD economist type blogs (with notable exception of zero hedge perhaps)... so there is plenty of blame to go around...
So I dont know if the problem is based on "unqualified bloggers" out there...
rsp,
iirc Bill points to some basic sort of cognitive ability of people out there to be able to understand these systems correctly as a main point of focus and I agree with Bill this should be a main area of our focus...
But these key cognitive abilities seem to be lacking imo in the actual academe of economics, look at the blog-roll of the most influential econ blogs above PhD economists are the main solute in that solution.... which makes it even worse as these people are supposed to be the experts on these systems...
Krugman is the top blog there and he doenst really understand how our economy works imo... and he has a Nobel prize, etc..
They are mostly all 'rote' learners and not 'creative thinkers' and if you memorize false information via the rote process its garbage in garbage out...
So imo morons remain the main problem out there... people somehow passing themselves off as qualified when they are manifestly not qualified...
rsp,
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