E CONOMICS IS A "disgrace", according to Claudia Sahm, a former Federal Reserve researcher, who has chosen to "no longer identify" as an economist. Among several flaws, the profession fails to nurture the young, she argues, or listen to outsiders. A survey by the American Economic Association ( AEA ) found that only 31% of economists under the age of 44 felt valued within the discipline.
All this must be off-putting to youngsters beginning the long (and lengthening) journey into the profession (see article ). They may wonder if there is room for their ideas in a discipline that can seem hidebound, hierarchical and homogenous. Will they invigorate economics or will it indoctrinate them?
Many things are taking place:
Selection effects - What it takes to become an academic economist is changing | Finance &
N ABBING A TOP academic job in America requires obtaining a P h D , preferably from a good university. That, in turn, requires stellar undergraduate marks, the right maths courses and a glowing letter of recommendation. Increasingly, pre-doctoral programmes, or pre-docs, are serving as a new rung on the professional ladder. These schemes, which typically involve two years of research at a university, are both the cause and consequence of changes in the profession.
Economists have long sought work experience before embarking on a P h D , whether in consultancy, the public sector or finance. But over the past decade or so the nature of the experience has changed.
Economics professor says Wright State won't let him open class critical of Marxism to all
An economics professor at Wright State University in Dayton, Ohio, says the school has repeatedly denied his request to teach an elective class critical of Marxism to the general student body.
"Clearly, it's all just censorship," Wright State economics professor Evan Osborne told Fox News. "I have proposed several electives. All have been approved, not going against the sacred beliefs of the radical wing of our department."
Bloomberg - Are you a robot?
Check out this next:
Abandoning hope - Official economic forecasts for poor countries are too rosy | Finance &
M OST PEOPLE , when presented with bad news, tend to play it down. Even professional economic forecasters are not immune to the temptations of hope. In February more than 500m people in China were experiencing some form of lockdown, and covid-19 had spread to Italy. Yet the IMF said that in its base-case forecast global GDP growth this year would be only 0.1 percentage points lower than previously expected. By April it had cut its forecast by 6.2 percentage points, to -3%.
By and large, economic forecasters are a sunny bunch. They rarely predict a downturn. Human nature, incentives and political pressure get in the way. Yet rosy forecasts by the IMF and the World Bank can have serious consequences. That is especially the case in poor countries today, where covid-19 is ravaging economies, and governments, international organisations and investors are using forecasts to guide their decisions.
... Lionsgate Film Boss Joe Drake On PVOD Outlook: “Economics Look
Lionsgate film chief Joe Drake said the decision to skip theaters and make horror movie Antebellum a premium video-on-demand release does not mean theaters are fading from the scene.
“I would love to see every one of our movies released theatrically,” the motion picture group chairman said during Lionsgate’s quarterly earnings call with Wall Street analysts. Antebellum , which stars Janelle Monae and comes from the producers of Jordan Peele’s Get Out and Us , has a timely storyline but dwindling options given theater closures during COVID-19. It had already been pushed back four months and then pulled from the release calendar.
Economists predict U.S. added 1.7 million jobs in July, but admit it's largely a guess.
Here's what to watch for in Friday's monthly employment report from the U.S. Labor Department that is due for publication at 8:30 a.m. Eastern time.
The consensus of economists polled by MarketWatch points to an increase of 1.7 million jobs in July
— just one-third of the 4.8 million gain in June.
But there's anything but a real consensus among forecasters. The range of estimates in the MarketWatch survey run from a decline of 280,000 to an increase as high as 4 million.
Disney's Bet on Mulan and the Economics of Streaming - WSJ
Happening on Twitter
Forget standing up to China, India's PM lacks the courage even to name them. Denying China is in our territory and… https://t.co/ZRUlDBPhnj RahulGandhi (from 12, Tughlak Lane, New Delhi) Thu Aug 06 10:33:23 +0000 2020
Defence Ministry released doc with details on China intrusion, PM's lies got exposed. He claimed China never entere… https://t.co/0OHgrW4yEk INCTamilNadu (from Chennai - Tamil Nadu, India) Thu Aug 06 11:56:54 +0000 2020
People tend to ignore – or outright deny – facts when they conflict with or challenge their existing beliefs. https://t.co/r0Cl2Q6Xsk ClimateReality (from Washington, DC) Wed Aug 05 22:06:00 +0000 2020
#ModijiJhootMatBolo as pointed out by Shri RG , denying facts or removing documents frm websites won't change facts… https://t.co/tuwUc9DvuG nagma_morarji (from Mumbai, India) Thu Aug 06 12:03:20 +0000 2020
No comments:
Post a Comment