Stiglitz: What is Wrong With Economics?
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January 21, 2013 - 4:00am
Econintersect: On 04 January 2013 Nobel laureate Joseph Stiglitz of Columbia University described the problems with economics in a lecture at the University of Hyderabad in India. He describes in clearly understandable language the many false assumptions of macroeconomic theory of the past half century. He points out how the assumptions are internally contradictory. He identifies what he considers to be the three worst assumptions and the bad political policies that resulted.
The video of the lecture can be accessed after the Read more >> break.
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