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Tagged with “economics” (64)

  1. Tali Sharot: The optimism bias | TED Talk

    Are we born to be optimistic, rather than realistic? Tali Sharot shares new research that suggests our brains are wired to look on the bright side — and how that can be both dangerous and beneficial.

    https://www.ted.com/talks/tali_sharot_the_optimism_bias?referrer=playlist-why_we_do_the_things_we_do

    —Huffduffed by adactio

  2. Mariana Mazzucato: Rethinking Value - The Long Now

    What happens when we confuse price with value? We end up undervaluing care. We pollute more. And the financial sector is allowed to brag about how productive it is—while often just moving around existing value, created by others. Most importantly we end up with a form of capitalism that rewards value extraction activities over value creation, increasing inequality in the process.

    Economist Mariana Mazzucato: “I will argue that the way the word ‘value’ is used in modern economics has made it easier for value-extracting activities to masquerade as value-creating activities. And in the process rents (unearned income) gets confused with profits (earned income); inequality rises, and investment in the real economy falls.” Markets have always been shaped, Mazzucato notes. They can be reshaped now to better reflect and foster real value—creating a more sustainable and inclusive economy.

    A professor in the Economics of Innovation and Public Value at University College London (UCL), where she founded and directs the Institute for Innovation and Public Purpose, Mariana Mazzucato is the author of The Value of Everything: making and taking in the global economy (2018) and of The Entrepreneurial State: Debunking Public vs. Private Sector Myths (2013).

    http://longnow.org/seminars/02019/jun/24/rethinking-value/

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  3. Limited Liability Company

    Nicholas Murray Butler was one of the great thinkers of his age: philosopher; Nobel Peace Prize-winner; president of Columbia University. When in 1911 Butler was asked to name the most important innovation of the industrial era, his answer was somewhat surprising. “The greatest single discovery of modern times,” he said, “is the limited liability corporation”. Tim Harford explains why Nicholas Murray Butler might well have been right.

    https://www.bbc.co.uk/programmes/p058qrk3

    —Huffduffed by adactio

  4. Index Fund

    Warren Buffett is the world’s most successful investor. In a letter he wrote to his wife, advising her how to invest after he dies, he offers some clear advice: put almost everything into “a very low-cost S&P 500 index fund”. Index funds passively track the market as a whole by buying a little of everything, rather than trying to beat the market with clever stock picks – the kind of clever stock picks that Warren Buffett himself has been making for more than half a century. Index funds now seem completely natural. But as recently as 1976 they didn’t exist. And, as Tim Harford explains, they have become very important indeed – and not only to Mrs Buffett.

    https://www.bbc.co.uk/programmes/p054414c

    —Huffduffed by adactio

  5. Utopian science fictions legitimising our current dystopia – 2019 Taylor Lecture, Oxford University – Yanis Varoufakis

    The Faculty of Medieval and Modern Languages, Oxford University, kindly invited me to deliver the 2019 Taylor Lecture on 12th February 2019. I chose the topic of Realistic Utopias versus Dystopic Realities – my aim being to highlight the manner in which really-existing capitalism is marketed as a utopian science fiction that has nothing to do with… really-existing capitalism. Behind this elegant utopian mathematical the powers-that-be hide a dismal dystopia that is failing humanity in a variety of ways. Plato, King Lear, Coriolanus and the Borg Queen make cameo appearances…

    https://www.yanisvaroufakis.eu/2019/02/19/utopian-science-fictions-legitimising-for-our-current-dystopia-2019-taylor-lecture-oxford-university/

    —Huffduffed by adactio

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