How Did Economists Get It So Wrong? (Published 2009)
I. MISTAKING BEAUTY FOR TRUTH It’s hard to believe now, but not long ago economists were congratulating themselves over the success of their field. Those successes — or so they believed — were both theoretical and practical, leading to a golden era for the profession. On the theoretical side, they thought that they had resolved their internal disputes. Thus, in a 2008 paper titled “The State of Ma
Open Yale Courses - ECON 252: Financial Markets by Robert J. Shiller
Yale University 2008. Some rights reserved. Unless otherwise indicated in the credits section of certain lecture pages, all content on this website is licensed under a Creative Commons License. Please refer to the Credits section to determine whether third-party restrictions on the use of content apply.
Asset bubbles: Origins and implications | vox - Research-based policy analysis and commentary from leading economists
CEPR, established in 1983, is an independent, non‐partisan, pan‐European non‐profit organization. Its mission is to enhance the quality of policy decisions through providing policy‐relevant research, based soundly in economic theory, to policymakers, the private sector and civil society. New eBook: Disasters and (Bank) Financing Mikhail Mamonov, Steven Ongena, Anna Pestova
Nobel talk
What happened between 1850-1860? Biggest factor not mentioned: wages for industrial work dropped severely due to massive immigration from Ireland (potato famine) and Germany (failure of 1848 revolution). So that’s a good thing – we’re moving to a timeframe where traditional economies can’t rely on inertia to do the work for them, and where developing economies have a more level playing field. The
Asset bubbles: Origins and implications | vox - Research-based policy analysis and commentary from leading economists
CEPR, established in 1983, is an independent, non‐partisan, pan‐European non‐profit organization. Its mission is to enhance the quality of policy decisions through providing policy‐relevant research, based soundly in economic theory, to policymakers, the private sector and civil society. New eBook: Disasters and (Bank) Financing Mikhail Mamonov, Steven Ongena, Anna Pestova
Professor and Columnist Wins Economics Nobel (Published 2008)
Paul Krugman was recognized by the prize committee for his “analysis of trade patterns and location of economic activity.”Credit...Jessica Kourkounis for The New York Times Paul Krugman, a professor at Princeton and an Op-Ed page columnist for The New York Times, was awarded the Nobel Memorial Prize in Economic Science on Monday. The prize committee cited Mr. Krugman for his “analysis of trade pat
Neuroeconomics | Do economists need brains? | Economist.com
Do economists need brains?A new school of economists is controversially turning to neuroscience to improve the dismal science FOR all the undoubted wit of their neuroscience-inspired concept album, “Heavy Mental”—songs include “Mind-Body Problem” and “All in a Nut”—The Amygdaloids are unlikely to loom large in the annals of rock and roll. Yet when the history of economics is finally written, Josep
大「脳」洋航海記 » Blog Archive » ゲーム理論と（社会的な）意思決定の神経基盤
神経科学系のポスドクが、脳研究に関する論文のreview・インド料理・ワイン・テニスその他についてマニアックに綴るblog 【脳研究 - reviews】 Game theory and neural basis of social decision making (Lee D, Nat Neurosci. 2008 Apr;11(4):404-9) そもそもこれ自身がNat. Neurosci.の2008年4月号（decision makingのspecial issue）のreviewなんですが、非常によくまとめられていて面白かったのでちゃっかりreviewしてみようと思います。 （ところで、僕自身全然知らなかったので先に補足として書いておきますが、ゲーム理論のhuman imaging studyへの応用ってのは実はかなり前から報告されてるんですね。この総説もRilling (Ne
米国金融学会2008年次総会の参加レポート
2008年1月3日、ルイ･アームストロング・ニューオリンズ国際空港に降り立った私たちを出迎えてくれたのは、全米社会科学協会連合のロゴシールが貼られた楽器で演奏される、本場のジャズバンドだった。 アメリカ南部に位置するルイジアナ州ニューオリンズ(New Orleans)は、ミシシッピー川の河口近くの港湾工業都市でありながら、フランス植民地時代の面影を町の随所に残した観光都市でもある。ジャズ発祥の地でもあり、また2005年にはハリケーン「カトリーナ」により甚大な被害を受けたことは記憶に新しい。 AFA 2008 年次総会は、ニューオリンズ市内のホテルを会場に2008年1月3日から2008年1月6日にかけて開催された。会場では、「Portfolio Choice」（ポートフォリオ選択）や「International Stock Markets」（国際株式市場）などの各セッションで3〜4件ずつの
Asset bubbles: Origins and implications | vox - Research-based policy analysis and commentary from leading economists
CEPR, established in 1983, is an independent, non‐partisan, pan‐European non‐profit organization. Its mission is to enhance the quality of policy decisions through providing policy‐relevant research, based soundly in economic theory, to policymakers, the private sector and civil society. New eBook: Disasters and (Bank) Financing Mikhail Mamonov, Steven Ongena, Anna Pestova
中国の経済政策論争から学ぶ「第三の道」 - Economics Lovers Live 田中秀臣のブログ
関志雄『中国を動かす経済学者たち』（東洋経済新報社）を読みました。 個人的に興味深い著作。関先生には一度この本で取り上げられている経済学者の入手の難しい論文を送っていただいたことがありました。たぶん中国経済学史？を日本で興味を抱いてるのは、ごく少数のメンバーなので本書が一般に出た意義は大きいと思います。もっとも学史というにはあまりにも現代史すぎるのですが。 本書に収録されている改革開放以来の経済論戦年表は、中国の経済発展に伴う問題の縮図であり、経済発展の初期段階（所有制度や市場化の問題）から成熟化（市場経済の問題＝経済格差など）までの論点を一望できる。本書によれば、現在の中国経済学界は、「新左派」＝平等重視vs「新自由主義者」＝効率性重視として論争の構図が描かれ、経済問題に関してはタブーなく議論されているという。ちなみに後者の「新自由主義者」が主流派だという。ただ経済と政治が不可分であり、
CREI - Jordi Galí
Jordi Galí Monetary Policy, Inflation and the Business Cycle: An Introduction to the New Keynesian Framework Available in March 2008. Click to order it from Amazon US or Princeton University Press Slides for selected chapters Slides for chapter 2 Slides for chapter 3 Slides for chapter 4 Slides for chapter 5 Slides for chapter 6 Slides for chapter 7
The New York Review of Books: Who Was Milton Friedman? by Paul Krugman
1.The history of economic thought in the twentieth century is a bit like the history of Christianity in the sixteenth century. Until John Maynard Keynes published The General Theory of Employment, Interest, and Money in 1936, economics—at least in the English-speaking world—was completely dominated by free-market orthodoxy. Heresies would occasionally pop up, but they were always suppressed. Class
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The other-worldly philosophers
Blackouts and Cascading Failures of the Global Markets
http://www.growthcommissionblog.org/content/fundamentalists-versus-realists
金融研究第26巻第2号要約
米国金融学会2007年次総会の参加レポート
The Forecast for the Forecasters Is Dismal (Published 2007)
Economist's View: Shocks to Uncertainty