Black boxes, wrong assumptions, misguided modelling

This talk was hosted by the South Asia Working Group of the Young Scholars Initiative.
The South Asia Working Group provides a platform for young scholars from South Asia (and those interested in the economic issues of the region) to select an issue they wish to work on, collaborate and discuss for better conceptualization of the problem and, debate, critique and improve upon solutions. We also invite scholars to suggest the most pressing problems and challenges to better guide the path for this working group.
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Speaker's Bio
Joseph E. Stiglitz is an American economist and a professor at Columbia University. He is also the co-chair of the High-Level Expert Group on the Measurement of Economic Performance and Social Progress at the OECD, and the Chief Economist of the Roosevelt Institute. A recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979), he is a former senior vice president and chief economist of the World Bank and a former member and chairman of the (US president's) Council of Economic Advisers. In 2000, Stiglitz founded the Initiative for Policy Dialogue, a think tank on international development based at Columbia University. He has been a member of the Columbia faculty since 2001 and received that university's highest academic rank (university professor) in 2003. In 2011 Stiglitz was named by Time magazine as one of the 100 most influential people in the world. Known for his pioneering work on asymmetric information, Stiglitz's work focuses on income distribution, risk, corporate governance, public policy, macroeconomics and globalization. He is the author of numerous books, and several bestsellers. His most recent titles are People, Power, and Profits, Rewriting the Rules of the European Economy, Globalization and Its Discontents Revisited, The Euro and Rewriting the Rules of the American Economy.
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[@TheEricrya]

Thank you for this!

[@vision_invisible]

At time code 11:45 Stiglitz says that those trusted govts did better.
Hello Sweden which went about its business had the best social economic outcomes and deaths. And Africa too.
America was a maelstrom of criminality - with NY forcing elderly into nursing homes, a worms nest of censorship around antivirals (until Pfizer saved the day in 2021 LOL not).
And now we know that the v initiative was in the works prior to the pandemic itself.
As a scientist, if you don't understand this (and hundreds of other facts) you are blind to the world. Stiglitz wake up.

[@drKennedy]

Joe, give my article a cite (for a poor chap) I wrote “black swan -or- black boxes economics”