Archivio per 18 marzo 2015

18
Mar
15

Existential Birthday – Existential Comics

See on Scoop.itBrain Tricks: Belief, Bias, and Blindspots

See on existentialcomics.com

Annunci
18
Mar
15

Moral decisions can be manipulated by eye tracking technology

See on Scoop.itMindfull Decision Making

Moral decisions can be influenced by tracking moment to moment movements of the eyes during deliberation, finds new research from Lund University, Sweden, …

See on psypost.org

18
Mar
15

Graph Theoretic Approaches for Analysis of Dynamical Systems: Application to Manufacturing and Neurophysiology

See on Scoop.itCoCo: Collective Dynamics of Complex Systems Research Group
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Collective Dynamics of Complex Systems Research Group Seminar Series March 18, 2015 Prahalad Rao (Systems Science and Industrial Engineering, Binghamton University) “Graph…

See on vimeo.com

18
Mar
15

UN Preparing For Global Sovereign Debt Restructuring

See on Scoop.itGold and What Moves it.

An open letter to all pension funds 

The United Nations (UN) is preparing a Multilateral Legal Framework for Debt Restructuring Processes. At the highest level an orderly sovereign debt restructuring for developed countries is designed.

As I’ve stated before on these pages, effectively the only thing Quantitative Easing (QE) can buy is time. Since 2008 our monetary wizards have merely been able to keep the can on the road, perpetually kicking it further into the abyss through QE. Solutions are still debated between policy makers behind closed doors, as our current fragile international monetary system does not allow public debate on significant changes or it will risk implosion.

If sustainable monetary solutions can be implemented at all from the top of governing bodies within a society waiving the flag of capitalism remains to be seen. In my opinion our system, which is still presented as capitalism, can only survive from the essential input of the economic agents operating at the bottom of the market, producing goods with labor, setting prices, taking risk and creating real wealth. Denying these fundamentals is what brought us into this crisis.

Hal’s insight:

Click through for the full post.

See on bullionstar.com

18
Mar
15

Behavioral Welfare Economics, Libertarian Paternalism, and the Nudge Agenda

See on Scoop.itBounded Rationality and Beyond

Although behavioral economics was already firmly established as a subdisciplineof economics by the first decade of the twenty-first century, the enterprise ap-pears to have received a boost from the economic crisis that struck around then.As David Brooks put it in the New York Times: “My sense is that this financialcrisis is going to amount to a coming-out party for behavioral economists andothers who are bringing sophisticated psychology to the realm of public pol-icy.” Brooks is frequently described as a conservative, but commentators acrossthe political spectrum have blamed the crisis in part on inadequate economicmodels. The former chairman of the Federal Reserve Alan Greenspan is knownas a follower of Ayn Rand’s objectivism, which celebrates the value of rationalself-interest. Yet, in 2008 Congressional testimony, Greenspan said: “I made amistake in presuming that the self-interests of organizations, specifically banksand others, were such as that they were best capable of protecting their ownshareholders and their equity in the firms.” Similarly, the Nobel laureate andliberal economic commentator Paul Krugman argues:[Economists] need to abandon the neat but wrong solution of assum-ing that everyone is rational and markets work perfectly. The visionthat emerges as the profession rethinks its foundations may not beall that clear; it certainly won’t be neat; but we can hope that itwill have the virtue of being at least partly right.

See on academia.edu

18
Mar
15

Well-Being and Economics

See on Scoop.itBounded Rationality and Beyond

Well-Being and Economics

Since its early days as a science, economics has aimed not only to better understand the world, but also to improve it. The urge to change the world is perhaps most famously seen in the workof Karl Marx, who remarked: “The philosophers have only

interpreted  the world in variousways; the point is tochange it” (Marx [1845] 1998: 571). But economists from the left to theright have shared the sentiment. In the words of Paul Samuelson: “Beginning as it did in thewritings of philosophers, theologians, pamphleteers, special pleaders, and reformers, economicshas always been concerned with problems of public policy and welfare” (Samuelson 1947: 203).Friedrich A. Hayek agreed:It is probably true that economic analysis has never been the product of detached intellectual curiosity about thewhy of social phenomena, but of an intense urge to reconstruct a world which gives rise to profound
See on academia.edu




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