Steve Keen: Crash Course in Non-Equilibrium Economics Lecture 4A
Econintersect: This continues Prof. Keen's lecture series on non-equilibrium economics with discussion of the application of Financial Instability Hypothesis by Hyman Minsky which was introduced in the previous lecture (3B). This enabled the extension of the work of Richard Goodwin from fixed cycles to a functionally dynamic model. What we see happen with this formalism is the emergence of conditions of chaos. We have a model which can produce financial crisis!
Written by Merlin Rothfeld, Online Trading Academy
Econintersect: Here is a day-by-day rundown of the global economic calendar events for the coming week and the important earnings announcements each day, as well.
Video presentation follows the Read more >> jump.
Whether it's pious, political or for the public good, books have been banned ever since people could find a problem with the words on the page.
Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.
- Oil Prices Continue To Decline (Barry Norman, FX Empire) Oil prices returned to their down trend Friday (22 August) after gaining on Thursday. WTI crude oil was down 21 cents to trade at 93.75 while Brent Sea oil was down 18 cents at 102.49 after climbing from the 101 price level on Thursday.