Monthly Archives: August 2014

Hyman ‪‎Minsky‬: “Today’s narrowly focused financiers do not conform to ‪‎Schumpeter‬’s vision of ‪‎bankers‬ as the ephors of ‪‎capitalism…”

Hyman ‪‎Minsky‬: “Today’s narrowly focused financiers do not conform to ‪‎Schumpeter‬’s vision of ‪‎bankers‬ as the ephors of ‪‎capitalism‬ who assure that ‪‎finance‬ serves progress. Today’s financial structure is more akin to ‪‎Keynes‬’ characterisation of the financial arrangements of advanced … Continue reading

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Should We Trust Economists? Are they charlatans, to be scorned as medieval cranks?

These questions above asked by professor of finance Noah Smith (Stony Brook University), as he discusses this issue: “To start, we need to talk briefly about what it is economic theorists do. Essentially, they make models, which are mathematical tools … Continue reading

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Jean-Jacques ‪‎Rousseau‬: “The ‪rich‬ holds the ‪law‬ in his purse..” // “Le riche tient la loi dans sa bourse..”

Rousseau, Jean-Jacques. 1764. “La 9e Lettre écrite de la montagne.” Paris: Gallimard. (p. 287)

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