✕
RETHINK
ECONOMICS
RETHINK
ECONOMICS
... and receive personalised notifications on
new pluralistic content directly into your inbox!

Financial Instability Mini-Documentary

Joseph Stiglitz, Gillian Tett, David Tuckett, Stephen Kinsella, John Kay, David Weinstein, Steve Keen and Dirk Bezemer
INET, 2012
Level: beginner
Topic: Crises
Format: Documentary
Duration: 00:07:55
Link: https://www.youtube.com/watch?v=9JD6uuiiZPY
Renowned scholars elaborate a critique on neoclassical economics and how it was unable to predict and even favoured the financial crisis. They refer to DSGE models, equilibrium theory and rational agents – a brief insight in the critique on neoclassic economics.

Go to: Financial Instability Mini-Documentary

Tags: DSGE (dynamic stochastic general equilibrium) model | equilibrium | financial crisis | financial stability | knowledge | models | rationality

Related content

À l'occasion de la parution de la première grande synthèse en français sur l'école post-keynésienne, entretien de Mediapart avec Virginie Monvoisin, professeure à la Grenoble École de Management, qui a coordonné l'ouvrage, et Dany Lang, maître de conférence à Paris 13 qui y a participé.
2018
Level: beginner
L'école post-keynésienne, une alternative à découvrir
Virginie Monvoisin, Dany Lang
Mediapart
What motivates big businesses to reject full employment policies? Michal Kalecki adressed this question in 1943 by analysing the political ideology that govern the private sector.
1943
Level: beginner
Political Aspects of Full Employment
Michael Kalecki
Political Quarterly
Fighting Neoliberalism with Keynes & Minsky? Riccardo Bellofiore proposes to revise the insights of Minsky's financial instability hypothesis, combining it with the Keynesian theory of the monetary circuit to answer many questions in modern economy.
2020
Level: advanced
Fighting Neoliberalism with Keynes & Minsky?
Riccardo Bellofiore
New Economic Thinking
In this essay the author reviews empirical studies in economics that analyze factors behind the rise of nationalist and populist parties in Western countries. He stresses that economic factors (e.g., trade shocks and economic crisis) play a crucial role in the rise of populist parties; however, the discussion of mechanisms driving this trend remains unsatisfying
2019
Level: advanced
The Economics of Populism in the Present
Felix Kersting
Exploring Economics

Donate

This project is brought to you by the Network for Pluralist Economics (Netzwerk Plurale Ökonomik e.V.).  It is committed to diversity and independence and is dependent on donations from people like you. Regular or one-off donations would be greatly appreciated.

 

Donate