Financial Instability Mini-Documentary

Joseph Stiglitz, Gillian Tett, David Tuckett, Stephen Kinsella, John Kay, David Weinstein, Steve Keen and Dirk Bezemer
INET, 2012
Level: beginner
Topic: Crises
Format: Documentary
Duration: 00:07:55
Link: https://www.youtube.com/watch?v=9JD6uuiiZPY
Renowned scholars elaborate a critique on neoclassical economics and how it was unable to predict and even favoured the financial crisis. They refer to DSGE models, equilibrium theory and rational agents – a brief insight in the critique on neoclassic economics.

Go to: Financial Instability Mini-Documentary

Tags: DSGE (dynamic stochastic general equilibrium) model | equilibrium | financial crisis | financial stability | knowledge | models | rationality
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