This economist has a plan to fix capitalism. It’s time we all listened
Mariana Mazzucato has demonstrated that the real driver of innovation isn’t lone geniuses but state investment. Now she’s working with the UK government, EU and UN to apply her moonshot approach to the world’s biggest challenges.
Editor’s Note: Mazzucato also has a couple of interesting TED talks, including this one:
Content: Article, Multimedia Content | Authors: João Medeiros, Mariana Mazzucato | Source: Wired | Subjects: Capitalism, Economics
What Is Behavioral Economics?
How does behavioral economics impact our decision making process?
Content: Multimedia Content | Authors: Francesca Gino, John Beshears | Source: Harvard Business Review | Subjects: Economics, Organizational Behavior
Happiness Reveals a Lot about Our Choices — but It Isn’t Everything
When making a decision, does happiness win out over all? It’s important —even for decisions with implications that go far beyond simply achieving contentment, says Wharton operations and information management professor Alex Rees-Jones. But, as the saying goes, happiness isn’t everything. Often people knowingly forego the choice that will give them the most pleasure for one that satisfies other ideals or factors that are important … [ Read more ]
Content: Multimedia Content | Author: Alex Rees-Jones | Source: Knowledge@Wharton | Subjects: Economics, Marketing / Sales
Richard Wilkinson: How Economic Inequality Harms Societies
We feel instinctively that societies with huge income gaps are somehow going wrong. Richard Wilkinson charts the hard data on economic inequality, and shows what gets worse when rich and poor are too far apart: real effects on health, lifespan, even such basic values as trust.
Content: Multimedia Content | Author: Richard Wilkinson | Source: TED Conferences LLC | Subject: Economics
Joseph Stiglitz on What Business Schools Teach That’s Wrong
The Motley Fool interviewed Nobel Prize-winning economist Joseph Stiglitz in his office at Columbia Business School. In this clip, Stiglitz answers the question, “What is something that is taught in the modern business school that gives a flawed sense of how risk and financial markets work?”
Content: Multimedia Content | Author: Joseph E. Stiglitz | Source: The Motley Fool | Subjects: Economics, People
Mind Over Money
In the aftermath of the worst financial crisis since the Great Depression, NOVA presents “Mind Over Money”—an entertaining and penetrating exploration of why mainstream economists failed to predict the crash of 2008 and why we so often make irrational financial decisions. The program reveals how our emotions interfere with our decision-making and explores controversial new arguments about the world of finance. In the face of … [ Read more ]
Content: Multimedia Content | Source: PBS | Subjects: Economics, Finance
Rachel Botsman: The Case for Collaborative Consumption
Rachel Botsman talks about the power of collaboration and sharing through network technologies, and on how it will transform business, consumerism and the way we live.
Editor’s Note: I think it should be interesting to re-watch this video in 5, 10, 15 years and see how the topic unfolds.
Content: Multimedia Content | Author: Rachel Botsman | Source: TED Conferences LLC | Subjects: Economics, IT / Technology / E-Business
Pankaj Ghemawat: Actually, the World Isn’t Flat
It may seem that we’re living in a borderless world where ideas, goods and people flow freely from nation to nation. We’re not even close, says Pankaj Ghemawat. With great data (and an eye-opening survey), he argues that there’s a delta between perception and reality in a world that’s maybe not so hyperconnected after all.
Content: Multimedia Content | Author: Pankaj Ghemawat | Source: TED Conferences LLC | Subjects: Economics, International
James B. Glattfelder: Who controls the world?
James Glattfelder studies complexity: how an interconnected system — say, a swarm of birds — is more than the sum of its parts. And complexity theory, it turns out, can reveal a lot about how the economy works. Glattfelder shares a groundbreaking study of how control flows through the global economy, and how concentration of power in the hands of a shockingly small number leaves … [ Read more ]
Content: Multimedia Content | Author: James B. Glattfelder | Source: TED Conferences LLC | Subject: Economics
Milton Friedman on the State of the Union
Milton Friedman, Senior Research Fellow, Hoover Institution and Nobel Laureate in Economic Sciences grades the achievements of the Clinton administration and evaluates the programs the President proposed in his 1999 State of the Union address. [Hat tip to FinanceProfessor.com]
Editor’s Note: Topical, a bit dated, and US-centric, but considering Friedman’s stature in the world of economics, still worth a view.
Content: Multimedia Content | Author: Milton Friedman | Subject: Economics
Richard Wilkinson: How Economic Inequality Harms Societies
We feel instinctively that societies with huge income gaps are somehow going wrong. Richard Wilkinson charts the hard data on economic inequality, and shows what gets worse when rich and poor are too far apart: real effects on health, lifespan, even such basic values as trust.
Content: Multimedia Content | Author: Richard Wilkinson | Source: TED Conferences LLC | Subjects: Economics, International
The Invention of Money on This American Life
Five reporters stumbled on what seems like a basic question: What is money? The unsettling answer they found: Money is fiction. [Hat tip to FinanceProfessor.com]
Content: Multimedia Content | Source: NPR | Subjects: Economics, Finance
The Happy Planet Index
Statistician Nic Marks asks why we measure a nation’s success by its productivity — instead of by the happiness and well-being of its people. He introduces the Happy Planet Index, which tracks national well-being against resource use (because a happy life doesn’t have to cost the earth). Which countries rank highest in the HPI? You might be surprised.
Content: Multimedia Content | Author: Nic Marks | Source: TED Conferences LLC | Subjects: Economics, Personal Development, Social Responsibility (ESG)
Matt Ridley: When Ideas Have Sex
At TEDGlobal 2010, author Matt Ridley shows how, throughout history, the engine of human progress has been the meeting and mating of ideas to make new ideas. It’s not important how clever individuals are, he says; what really matters is how smart the collective brain is.
Content: Multimedia Content | Author: Matt Ridley | Source: TED Conferences LLC | Subject: Economics
The Story of Stuff
From its extraction through sale, use and disposal, all the stuff in our lives affects communities at home and abroad, yet most of this is hidden from view. The Story of Stuff is a 20-minute, fast-paced, fact-filled look at the underside of our production and consumption patterns. The Story of Stuff exposes the connections between a huge number of environmental and social issues, and calls … [ Read more ]
Content: Multimedia Content | Author: Annie Leonard | Subjects: Economics, Social Responsibility (ESG)
Joseph Stiglitz on Charlie Rose
Joseph Stiglitz is an American economist and a member of Columbia University faculty. He is a recipient of the John Bates Clark Medal (1979) and the Nobel Prize in Economics (2001).
Former Senior Vice President and Chief Economist of the World Bank, he is famous for his critical view of globalization and international institutions like the International Monetary Fund and the World Bank. In 2000 Stiglitz … [ Read more ]
Content: Multimedia Content | Authors: Charlie Rose, Joesph E. Stiglitz | Source: PBS | Subject: Economics
Revenge of the Laffer Curve
“…the Laffer Curve simply reveals that higher tax rates will lead to less taxable income (or that lower tax rates will lead to more taxable income) and that it is an empirical matter to figure out the degree to which the change in tax revenue resulting from the shift in the tax rate is offset by the change in tax revenue caused by the shift … [ Read more ]
Content: Multimedia Content | Author: Dan Mitchell | Subjects: Economics, Finance
Money As Debt
A somewhat controversial, but nonetheless interesting attempt to explain exactly what money is, how it is created, etc.
Content: Multimedia Content | Author: Paul Grignon | Subjects: Economics, Finance
Keynes vs. Hayek: Late Economists’ Hip-Hop Legacy
As part of his continuing series Making Sense of financial news, Paul Solman has a unique look at the legacy of economist John Maynard Keynes, who first introduced the concept of government intervention in the economy, and his countertenor Friedrich Hayek. [Hat tip to FinanceProfessor.com]
Content: Multimedia Content | Source: PBS | Subject: Economics
Benoit Mandelbrot Critiques the “Efficient Markets” Hypothesis
In a fascinating in-depth interview with John Authers, 85-year old mathematician Benoit Mandelbrot discusses his now 40-year old groundbreaking critique of the “efficient markets” hypothesis and why new theories on price movement discontinuities are needed after the credit crunch. [Hat Tip to FinanceProfessor.com]
Editor’s Note: there are two parts to this video so after watching the first wait for the second to automatically load and begin … [ Read more ]
Content: Multimedia Content | Author: Benoit B. Mandelbrot | Source: Financial Times | Subjects: Economics, Finance