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.
Categories:
briefing
Tags: community, developing world, firm, global, individual
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)
Categories:
commentary
Tags: developing world, global, macro
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.
Categories:
commentary
Tags: developing world, global, macro
newmatilda.com Reported here by: SPMG , 20 April 2009
A critique from Australia of economists and government stimulus packages.
Categories:
commentary
Tags: australia, developing world, macro
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»
Categories:
commentary
Tags: developing world, global, macro
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.
Categories:
commentary
Tags: developing world, global, macro
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.
Categories:
briefing
Tags: developing world, global, macro
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.
Categories:
commentary
Tags: developing world, macro