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Joseph Stiglitz: The Warren Buffett of Economics

This guy is my Superhero of economists. A Nobel Prize winner. professor and chairman of more thinktanks than I can name. And he doesnt comment publicly unless some serious 💩 is going down. I recommend people watch and listen. Its fairly basic stuff..😷
[media=https://youtu.be/cvZeRav-2CY]
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Richard Wolff is more my speed.
whowasthatmaskedman · 70-79, M
@PicturesOfABetterTomorrow Wolff is accurate in his reporting. So thats fair. He is however a "retail" economist. Not into the theory. Just what it means to the man in the street.😷
@whowasthatmaskedman He is a marxian economist so the theory applies to the common man and woman and the working class.

Other economic schools treat the economy as a whole more like a thought exercise and human beings are just inconveniences that screw up the data like Austrian economics.
whowasthatmaskedman · 70-79, M
@PicturesOfABetterTomorrow Its difficult not to go overboard here. But you are wrong. Dont confuse Marx with Keynes. Now there are more sophisticated models out there. But you are right to the extent that many are thought exercises. Like trickle down economics for instance.😷
@whowasthatmaskedman Wolff is a Marxist. He is very public about this. He even jokes about being a heretic out of the Harvard and Yale economics schools. Definitely NOT a Keynesian. He would be offended to be confused with one. 😂
whowasthatmaskedman · 70-79, M
@PicturesOfABetterTomorrow Trump calls himself a businessman. That doesnt make him one. I dont care what title Wolff uses. He does not subscribe to the policies of Marx and that is that..😷
@whowasthatmaskedman Actually he does. Not sure where you are getting that from or basing your ideas about him on.

Now if you claimed he doesn't follow Lenin you might have a point there.


He is in no way a Keynesian and fundamentally anti capitalist.


And Trump is just a con man.

Wolff not only is an economist but teaches economics. Pretty sure he knows what he is teaching.
whowasthatmaskedman · 70-79, M
@PicturesOfABetterTomorrow I think we are just going to have to agree to disagree on this. But we agree that Trump is a conman and we agree that Wolff knows his 💩. They rest is in names, which I think we can agree are not in themselves reliable..😷
@whowasthatmaskedman I seriously think you have him confused with someone else. Especially since you can't provide any reason why you think he somehow doesn't understand the subject he literally teaches.

Except you have zero evidence to back your claim he is not an Marxist.

You talk about him like you think he is Paul Kruggman.
whowasthatmaskedman · 70-79, M
@PicturesOfABetterTomorrow OK. You caused me to dive deep and I admit you have me. I deeply apologise. On finding Wolffs Bio, I am looking at a different person entirely. At this moment I have no idea the name of the person I was referring to. But it was definitely not Richard Wolff. I will have to go hunting for the name of the person I was thinking was Richard Wolff..😷
@whowasthatmaskedman Happens to the best of us.
whowasthatmaskedman · 70-79, M
@PicturesOfABetterTomorrow Most gracious of you..😷