When policy makers and economists talk about the economy, the terms they use can play a role in conditioning how people think about matters.
In his Monday night lecture at Midwestern State University, noted economist James Galbraith talked about the current economic crisis and some of the factors that led to it — and which are exacerbating the situation.
The University of Texas economist also pointed out what he called misleading economic and business terms used to describe and understand (and misunderstand) the economy.
Read the rest at Times Record News
By Richard Carter
(h/t Kevin Fathi via email)
(h/t Kevin Fathi via email)
5 comments:
The correct link - Economist spreads the words — Terminology key in economy, he says
Hey Tom,
it appears Geithner might go to jail or at least get some heat!
See this video:
http://www.youtube.com/watch?v=QXO5bElqnqg&feature=youtu.be
Note: I've landed a new job and so I am waaaay too busy now with work + commute + life that I am no longer able to frequent these forums and blogs as much as my heart may like to.
Keep on trucking and know that I'm around at least on the proverbial "sidelines" wherever that may take me.
Cheers!
Thanks, Clonal. Fixed now.
Thanks for the link, Mario. Maybe some of this will finally be investigated.
This is Ivory Tower stuff here for sure, Rimini was grass roots.
It's going to take a long time to effect policy if we think it's a good idea to start at this high a level and try to work down.
resp,
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