Posts Tagged ‘ developing world ’

The Corporation

www.thecorporation.com Reported here by: SPMG, 2 April 2009

Informative and eye-opening the film “The Corporation” presents compelling and original perspectives on the origin, nature, expansion and effects of the modern corporate institution that dominates the economy, polity culture and everyday life of most of the earth’s inhabitants. The film is a requiem for the notion that a corporation’s social responsibility is satisfied by maximizing profits for its shareholders. The website has materials for further study of the issues in the film.

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In defence of Economists: Economist

www.economist.com Reported here by: SPMG, 22 April 2009

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What Good Are Economists Anyway? Why they failed to predict the global economic crisisóand why their help is still crucial to a recovery: P. Coy

www.businessweek.com Reported here by: SPMG, 22 April 2009

Economists mostly failed to predict the worst economic crisis since the 1930s. Now they can’t agree how to solve it. People are starting to wonder: What good are economists anyway? (For more indepth opinion on this issue refer to, The Financial Crisis and the Systemic Failure of Academic Economics: D Colander and others at http://www.econ.ku.dk/english/research/publications/wp/dp_2009/0903.pdf)

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The Financial Crisis and the Systemic Failure of Academic Economics: Kiel Institute for the World Economy

www.ifw-members.ifw-kiel.de Reported here by: SPMG, 20 April 2009

The economics profession appears to have been unaware of the long build-up to the current worldwide financial crisis and to have significantly underestimated its dimensions once it started to unfold. In our view, this lack of understanding is due to a misallocation of research efforts in economics… the professionís insistence on constructing models that, by design, disregard the key elements driving outcomes in real-world markets.

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Do Not Resuscitate: A Mitchell

newmatilda.com Reported here by: SPMG  , 20 April 2009

A critique from Australia of economists and government stimulus packages.

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Blame the Economists, Not Economics: D. Rodrik

www.project-syndicate.org Reported here by: SPMG, 20 April 2009

As the world economy tumbles off the edge of a precipice, critics of the economics profession are raising questions about its complicity in the current crisis. Rightly so - economists have plenty to answer for. More»

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How economics lost sight of real world: J. Kay

www.ft.com Reported here by: SPMG, 21 April 2009

The past two years have not enhanced the reputation of economists. Mostly they failed to point out fundamental weaknesses of financial markets and did not foresee the crisis, and now they disagree on appropriate policies and on the likely future course of events.

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The Global Financial Crisis - A Primer: B. Gills

www.informaworld.com Reported here by: Casino Crash, 20 April 2009

Gills discusses the history leading up to the credit crunch, the financial crisis as it stands now, lessons which can be learned from this, and looks to the future with thoughts on possible solutions.

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Development and the crisis a critical reading: F. Rodriguez

www.voxeu.org Reported here by: SPMG, 2 April 2009

VoxEU partnered with the UK government to collect the views of economists from around the world on what the G20 should do to fix the global economy. The development theme in this debate elicited many important and novel contributions on what the crisis means for the developing world and how developing nations should react. This piece provides a synthesis and commentary of the key proposals.

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