I got home from class at about 1.30, and spent the afternoon
I ended up looking at the University of London "The Careers Group" page, where I found the link to the LSE public lectures page, where I found the lecture "Why is macroeconomics such a mess?" by Professor Lord John Eatwell:
"John Eatwell is President of Queens' College, Cambridge, and a member of the House of Lords. Having taught economics at Cambridge since 1970, Professor Lord Eatwell is currently Director of CERF and CFAP and Professor in Financial Policy. From 1980 to 1996 he was also a Professor in the Graduate Faculty of the New School for Social Research, New York. He has been a Visiting Professor at Columbia University, New York, the University of Massachusetts, Amherst, and the University of Amsterdam. Lord Eatwell is also an elected foreign member of the Italian Academy of Sciences.
From 1985 to 1992 he served as economic adviser to Neil Kinnock, leader of the British Labour Party, and was responsible for much of the work that led to a substantial re-alignment of the Labour Party's economic policies. In 1988, together with others, John Eatwell set up the Institute for Public Policy Research, one of Britain's leading policy think-tanks. He remains a trustee of the Institute. From 1997 to 2002 he sat on the board of the Securities and Futures Authority, Britain's securities markets regulator, where he developed his interest in securities regulation. He was a member of the Regulatory Decisions Committee of the Financial Services Authority from 2001 until 2006."
I found this at 4.15, and it started at 6.30. Last minute much. (Well, for me). So I had an early dinner, pretty much the moment it started being served at 5.15, and took the bus in.
I got there at 6.20 and there was a MASSIVE line, because the Old Theatre was already full. A lot of people in the line started leaving, which was good for me! It think they were expecting the theatre to be full, because they had little rooms around the place set up with projectors (I think there were more than just the one I was in), and they were videolinking it. I got funnelled into the Vera Anstey Room.
I got there at 6.20 and there was a MASSIVE line, because the Old Theatre was already full. A lot of people in the line started leaving, which was good for me! It think they were expecting the theatre to be full, because they had little rooms around the place set up with projectors (I think there were more than just the one I was in), and they were videolinking it. I got funnelled into the Vera Anstey Room.
Most of what he said actually went right over my head, but he sounded nice and economics-like. Reminded me of Cathy Fletcher in first year micro/macro. (But she left! Sadface). He pretty much took everything you learn in economics 101...
...and ripped it apart. His general argument (or what I understood of it anyway) was that economies are such a mess because macroeconomics has presented politicians with a catalogue of tools, none of which actually promise to do anything, because it cannot be shown the general equilibrium theory where prices clear markets is true. He did say that his stuff was a bit contentious, and he's actually also published a book about it.
...and ripped it apart. His general argument (or what I understood of it anyway) was that economies are such a mess because macroeconomics has presented politicians with a catalogue of tools, none of which actually promise to do anything, because it cannot be shown the general equilibrium theory where prices clear markets is true. He did say that his stuff was a bit contentious, and he's actually also published a book about it.
The lecturing itself went for only about half an hour, then he took 6 questions which filled up the other half hour.
I might go back for a few more lectures if study doesn't get too much. Felicia I totally wish you were here with me so we could go together!
Ps, Happy birthday dad!
Ps, Happy birthday dad!
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