Posts Tagged ‘ IMF ’

How viable is Economics? (lecture by Steve Keen)

October 30, 2012
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In the lecture below, Steve Keen, Associate Professor of Economics & Finance at the University of Western Sydney and author of Debunking Economics, questions the viability of modern neoclassical macroeconomics and its premises. His critique not only calls into question what is taught in virtually every economics department around the world, but also casts doubt on the typical policy recommendations made by neoclassical economists.

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Even the IMF is now questioning capitalism

January 9, 2012
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Kenneth Rogoff, Professor of Economics and Public Policy at Harvard University, and former chief economist at the IMF recently published two interesting articles on Project Syndicate: Is Modern Capitalism Sustainable? and Rethinking the Growth Imperative. The articles, which are worth reading in full, are not at all what one would expect from a former chief economist at the IMF. Here are a few excerpts: From Is Modern Capitalism Sustainable?: It is ironic that modern capitalist societies engage in public campaigns to urge individuals to be more attentive to their health, while fostering an economic ecosystem that seduces many consumers into an extremely…

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