- Hubris: why economists failed to predict the crisis and how to avoid the next oneProfessor Lord Desai Date: Wednesday 27 May 2015 Time: 6.30-8pm Venue: Old Theatre, Old Building Speaker: Discussants: Professor Charles Goodhart, Stephen King Chair: Professor Tim Besley Meghnad Desai discusses his latest book Hubris: Why Economists Failed to Predict the Crisis and How to Avoid the Next One with Stephen King of HSBC.
#LSEhubris 27/5 @LSEEcon lecture by Prof Lord Desai in discussion with Stephen @KingEconomist http://www.lse.ac.uk/economics/newsEventsSeminars/lecturesAndEvents.aspx#meghnaddesai … pic.twitter.com/6PItVXmSSC
At least I can see Lord Desai's hair sticking out... #LSEhubris debate about to kick off cc @KingEconomist: pic.twitter.com/H9Fml09tKz
Meghnad Desai glances over history of economics' reliance on equilibrium to simplify - setting up failure to see crisis coming. #LSEhubris- Stephen King: the teaching of economics is undermined by leaving out economic history and the history of economic thought. #LSEhubris
- Stephen King: the models used by central bankers and policy makers rule out the really interesting possibilities like recession! #LSEhubris
- Charles Goodheart: I went into macroeconomics because it was so bad I thought I could improve it. I failed. It's worse now! #LSEhubris
- Goodheart: Schumpeter yes! Kondratief no! #LSEhubris
"The theory of Economics teaches that you cannot actually predict anything... & that is the strength of the theory!" - Lord Desai #LSEhubris
"Mainstream Economics treats people with contempt". One of the many pearls of wisdom of Lord Desai! #LSEHubris @LSEpublicevents
Some interesting points made today on some key issues between macro and micro models at the LSE by Lord Desai, Stephen King.#LSEhubris
On the failure of macro, model connecting finance to macro, need for math advancement, historic changes #LSEHubris pic.twitter.com/pa8NEZ1fLn
Reconnecting with my Econometrics lecturer at Cambridge 25 years ago... Lord Desai #LSEhubris cc @KingEconomist: pic.twitter.com/hLrREtG0wD
The podcast from the @LSEEcon & @CFMUK 'Hubris' lecture by Meghnad Desai is now available: http://ln.is/www.lse.ac.uk/econom/3xq1w … #LSEHubris
#MustListen #LSEHubris: Meghnad Desai @KingEconomist (35') & Charles Goodhart (48') chaired by Tim Besley: http://media.rawvoice.com/lse_publiclecturesandevents/richmedia.lse.ac.uk/publiclecturesandevents/20150527_1830_hubris.mp3 … @diane1859- Audio/video recordings of #LSEhubris lecture by Meghnad Desai are now available http://ln.is/www.lse.ac.uk/econom/3exYe …
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