Harvard spreminja kurs v poučevanju osnov ekonomije

Progresivna Laibsson in Furman sta odlična zamenjava za konzervativnega Mankiwa, ki je napovedal, da bo nehal poučevati osnove ekonomije na Harvardu.

Furman said the change will provide him and Laibson more instruction time, which they said they hope to use to incorporate more real-world applications into the material they cover.

“We want to get across sort of standard textbook analytical economics, but also be able to spend time on how that gets applied to issues like inequality or tax policy, or the latest policies that the Fed[eral Reserve] is doing, and think that’s better if we’re spending more time in lecture,” Furman said.

Laibson added that the two hope to attract students across disciplines to the course by increasing its “breadth of topics.”

“It’s not an abstract exercise and a starting point for becoming an economist,” Laibson said. “It’s rather an introduction to foundational ideas that can be applied everywhere in their lives, whatever they do, certainly if they become an economist, but also on any other paths they choose.”

“Economics is not just about finance and consulting — it’s about inequality; it’s about discrimination; it’s about issues in gender,” he added.

Vir: The Harvard Crimson

Problem Brexita je v njegovih predlagateljih – bogati politični eliti, odlepljeni od realnosti

Ni kaj dodati, tudi nemškim politikom se občasno zgodi, da njihove izjave zadanejo bistvo problema.

Germany’s Europe minister has accused “90 percent” of the British cabinet of having “no idea how workers think, live, work and behave”, as politicians in the union are finding Westminster turmoil to be a useful argument in the campaign for upcoming elections.

At the Social Democratic party’s (SPD) conference on Saturday, Michael Roth dispensed with diplomatic etiquette to condemn what he called the “big shitshow” of Brexit.

UK politicians “born with silver spoons in their mouths, who went to private schools and elite universities” were responsible for the current impasse in parliament, but were unlikely to suffer the direct consequences of their actions, he said.

“I don’t know if William Shakespeare could have come up with such a tragedy but who will foot the bill?” asked Roth, 48, who has been Europe minister since 2013.

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Je globalna recesija že tukaj?

michael roberts's avatarMichael Roberts Blog

The first three months of 2019 have shown a significant slowing in global economic activity.  Global manufacturing output (as measured by JP Morgan economists) is actually falling.

So too is global trade for the first two months of this year.

And just today US retail sales for February also showed a slowdown.

We’ve had falling economic activity indicators in many major economies; and contracting industrial production in Europe and Japan.  The business activity indicators in the US are the highest among the G7 top capitalist economies, but even there, they are beginning to fall back.  Here is the latest Markit indicator for US manufacturing – still above 50 but dropping.

Corporate profits, which is the main driver of investment growth (usually with a one-year lag), are also slowing in some of the top economies. Indeed, China has just announced the biggest drop in industrial profits in ten years, down 14%…

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