The Age of Uncertainty Episode 5 Lenin and The Great Ungluing

"Marx Reloaded" is a cultural documentary that examines the relevance of German socialist and philosopher Karl Marx's ideas for understanding the global economic and financial crisis of 2008—09. The crisis triggered the deepest global recession in 70 years and prompted the US government to spend more than 1 trillion dollars …

This lecture is based on the “Introducing the Economy” chapter from the Economy Studies book, which introduces the first building block in their framework for transforming the economics education. The aim is to give students a feel and understanding of the economy as part of a bigger whole. Thus, it is aimed to introduce to students before getting into the economics curriculum with theory and models.

The core of Georgism is a policy known as the Land Value Tax (LVT), a policy which Georgists claim will solve many of society and the economy’s ills. Georgism is an interesting school of thought because it has the twin properties that (1) despite a cult following, few people in either mainstream or (non-Georgist) heterodox economics pay it much heed; (2) despite not paying it much heed, both mainstream and heterodox economists largely tend to agree with Georgists. I will focus on the potential benefits Georgists argue an LVT will bring and see if they are borne out empirically. But I will begin by giving a nod to the compelling theoretical and ethical dimensions of George’s analysis, which are impossible to ignore.

Jason Collins explains how his “evolutionary approach” to decision-making relates to other approaches of behaviour. This piece therefore not only serves as a good introduction to this “evolutionary approach” but also serves as a great introduction to these other approaches of behaviour namely neoclassical perfect rationality which involves mainly probability …