Economics Rules: the rights and wrongs of the dismal science
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- Опубліковано 8 жов 2015
- Speaker(s): Professor Dani Rodrik
Chair: Professor Wouter Den Haan
Recorded on 7 October 2015 at Old Theatre, Old Building
Based on his new book, Economics Rules: The Rights and Wrongs of the Dismal Science, Professor Rodrik will give an accessible introduction to the strengths of the discipline of economics and why it is so often misunderstood, not least by its practitioners.
Dani Rodrik (@rodrikdani) is Ford Foundation Professor of International Political Economy at the John F Kennedy School of Government, Harvard University and Centennial Professor at the LSE European Institute and Department of Economics. He has published widely in international economics and globalization, economic growth and development, and political economy. He is the author of The Globalization Paradox (Norton, 2011) and One Economics, Many Recipes (Princeton, 2007).
Wouter Den Haan is Professor of Economics and Co-Director of the Centre for Macroeconomics.
The Department of Economics at LSE (@LSEEcon) is one of the largest economics departments in the world. Its size ensures that all areas of economics are strongly represented in both research and teaching.
The Centre For Macroeconomics (@CFMUK) brings together world-class experts to carry out pioneering research on the global economic crisis and to help design policies that alleviate it.
My favorite professor. I am honored to be his student.
Would u please tell me how can be his student,
Thanks
@@emilyzhang8390 get admitted to Harvard Kennedy school of government
Thank you for sharing these talks. Please consider including the slides - host them on speakerdeck and link in the description? It would be very helpful. Thanks in any case, though - very useful and interesting.
thanks lse for your ongoing cooperation . great job
Dani Rodrik we ecpect you in the Turkey neachts time.
Most of the things said in this presentation about the proper way of thinking about economics are also true of physics. The quality of a reductionist model is given by it's simplicity, and it's predictive power, or should I said domain of relevance, but it is a relative measure : it should be dumped only if another model of similar or lesser complexity is able to consistently provide better predictions.
Classical physics have not been dumped by general relativity : because it is far simpler, it is still immensely useful, but Descartes model of gravitation has been forgotten because Newton's model got better predictions..
Complexity should not be avoided at all cost though. Getting more accurate and complex models can give a better understanding of the limits of the previous ones : thanks to ondulatory theories of light we know when and why ray theory of light will fail.
Very good comment.
It's dismal mostly because politics is intertwined and economists get jobs at secondary and tertiary teaching institutions by aligning themselves with political parties. Hijacked by politicians is the real problem.
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Could it simply be that the reason why economists can't predict anything about the economy is that their models and their ability to pick said models is completely wrong. That their underlying assumptions about how humans behave is simply a bit of metaphysics without any physical meaning. Economics may simply be the respectable form of fortune telling, tea leaf reading, and or reading the future in the intestines of animals.
somehow you managed to miss every single word in the presentation
hi. can i have the text of this video. my english listenhng is not good.
Incredible. You did not get anything. You a the nightmare of every professor