The notion of originality, innovation and the oft-used "paradigm-shift" challenges all of us. None more-so than the "experts" within an industry. Not unlike those Generals and the last war… or those Teachers that have "seen it all before" As we move in to the "Apple rumour season", It seems appropriate to look back at some expert reviews and consider what…
Tag Archives Markets
Facts versus faith. Joshua Gans - I was asked to write an opinion piece about Kevin Rudd’s essay in The Monthly on the GFC which, by the way, should stand for Great Fracking Complacency. It is in today’s Age and my opinion and disappointment speaks for itself. (Others seem more willing to carry ideological baggage than I am). Forget ideology…
The failure of unregulated markets. [HT: Simon Johnson] MIT’s Daron Acemoglu has written one of the best essays on the financial crisis and what it means for economics that I have read. He argues, convincingly, that forgetting about what drives economic growth when formulating policy is a big mistake. Importantly, it has been all too easy to forget about how…