Rethinking Economics
@rethinkecon
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Rethinking Economics International. Students changing economics for the better, in society & classrooms.
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Neo-classical economists getting their models to fit the data.
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When Rethinkers meet with the econ department.
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Pedro Pascal as Rethinking Economics books
A thread.
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One of the founders of Rethinking Economics delivered her maiden speech in the UK Parliament last week as MP for Earley and Woodley
@YuanfenYang
mentioned Rethinking & how detached economic debate is from real world crises
(But first watch her perfectly timed econ puns!)
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What's the weirdest assumption made by neoclassical economics?
Let us know in the replies 👇 and we'll RT the top contenders
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"SO THE DIFFERENCE BETWEEN ECOLOGICAL ECONOMICS AND MAINSTREAM ENVIRONMENTAL ECONOMICS IS THAT THE FORMER SEES THE ECONOMY AS EMBEDDED IN THE ECOSPHERE WHEREAS THE LATTER SEES THE ENVIRONMENT AS EXTERNAL TO THE ECONOMY. FOR ECOLOGICAL ECONOMISTS, THE ENVIRONMENT IS IRREPLACABLE"
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Economics is a value-free, neutral science.
ⓘ 𝗢𝗳𝗳𝗶𝗰𝗶𝗮𝗹 𝘀𝗼𝘂𝗿𝗰𝗲𝘀 𝘀𝘁𝗮𝘁𝗲𝗱 𝘁𝗵𝗮𝘁 𝗶𝘀 𝗳𝗮𝗹𝘀𝗲 𝗮𝗻𝗱 𝗺𝗶𝘀𝗹𝗲𝗮𝗱𝗶𝗻𝗴.
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"five female economists...are revolutionising their field by questioning the meaning of everything from ‘value’ and ‘debt’ to ‘growth’ and ‘GDP.’"
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Economics is political.
Recommended reading for all economists and economic policy makers, who are calling for fiscal consolidation.
Besides inducing a recession, slashing spending in Germany now is likely to further boost the AfD.
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"What is your vision for economics departments?"
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Tom isn't taking his econ textbook too seriously...
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With the recent Nobel Prize in economics going to Ben Bernanke, Douglas Diamond and Philip Dybvig, who “have significantly improved our understanding of the role of banks in the economy, particularly during financial crises”, we thought we’d comment on their findings.
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･ *ﾟ
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Pluralism means more than just mentioning Karl Marx in a box in Chapter 7
ﾟ*.
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An extraordinarily useful guide to the basics of post-Keynesian economics, we cannot recommend this enough!
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Neoclassical economics uses mathematical tools to obfuscate and hide its flaws. Rethinking economics isn't about abandoning mathematical tools, it's about using the right tools for the right job.
What's wrong with microeconomics? It fails the use the right tools.
Minsky is one such tool developed by
@ProfSteveKeen
, that can be used to create models based in reality that embrace's complexity, rather then avoiding it.
Download for free:
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We've just finished 'Edible Economics: a Hungry Economist Explains the World' by Ha-Joon Chang. A novel and accessible way to explain the basics of economics, we recommend it for newcomers and experts alike!
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A history of economics made simple! A fantastic tool for beginners and those who need a recap
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📣 The President of Ireland calls for an end to the "narrow, blinkered and distorted education in economics"!!
"I believe that failure to facilitate a pluralism of approaches in teaching economics is a deprivation of basic students’ rights"
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"We'll cover all these objections in later classes"
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"...it is hard to imagine a body of work more antithetical to worrying about inequality"
In this interview - Angus Deaton explains why he thinks the discipline of economics needs to completely rethink its priorities.
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Rethinking Economics is incredibly excited to launch our new monthly webinar Economics out of Equilibrium. Every month, we will host an interactive debate on a topical economic issue of your choosing, bringing together speakers from different schools of thought and disciplines.
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What happens when the only econ course you took was ECON101.
Gurner Group founder Tim Gurner tells the Financial Review Property Summit workers have become "arrogant" since COVID and "We've got to kill that attitude."
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Good
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Wow! A rare video of Hyman Minsky clearly explaining his financial instability hypothesis and how what he calls 'Ponzi financing' emerges:
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Wise words from one the greatest economists of the 20th century who STILL didn’t receive a Nobel despite making canonical contributions we still use today
#JoanRobinson
#BalanceforBetter
#IWD19
#IWD2019
#InternationalWomensDay
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Them: “so how would you describe your economics degree?”
Us:
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Economics education must recognise planetary boundaries and the limits to endless growth.
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Rethinking Economics is now 100% a shitposting organisation
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“Wednesday’s” Star Jenna Ortega reveals in an interview with Vogue that she teaches using Economy Studies
“I really love the wide range of different perspectives!" She says "it's such a breath of fresh air after my economics degree!"
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"Strangely, most economic models do not treat the economy as an evolving thing, undergoing constant change. They instead describe it in terms of its equilibrium"
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Looking to learn more about post-Keynesian economics? Try this structured reading list, compiled by leading academics. Macroeconomics, unemployment, inflation, economic policy, stock-flow consistent modelling, and much more!
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2020 has been a year of upheaval, showing that understanding the forces at play has never been more important. The Rethinking Economics Festival is a celebration of pluralist, diverse and interdisciplinary economic thinking. Join us online, July 22-26
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When you check the author of a climate change economics paper.
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Astonishing new paper showing that most economists disagree with the general direction taken by the discipline. They to pursue want more diverse, indterdisciplinary, and disruptive topics.
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89.2% of students and graduates surveyed either agreed or strongly agreed that economists would respond better to crises if they interacted with other social sciences more.
#rethinkecon
#economics
#econ
#rethinkingeconomics
#crises
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What's that, you say? Post-Keynesian economics in a mainstream journal? 🤯🤯
This is a really insightful essay on Joan Robinson and her perspective on Marx and Keynes by
@cacrisalves
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