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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PicturesOfABetterTomorrow · 41-45, M

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.😷

PicturesOfABetterTomorrow · 41-45, M

@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.😷

PicturesOfABetterTomorrow · 41-45, M

@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. 😂