funny video · Rebel Economist (Free)

funny video

hi guys,

i ran across this video comparing four schools of economic thought and what they would say about the great recession (aka financial crisis). it's funny because it unconsciously captures how lost the schools are with an analogy of blind men touching an elephant. check it out!

https://mru.org/courses/principles-economics-macroeconomics/business-cycles-great-recession

maybe they wouldn't be so lost if they would accept that you need to model macro dynamically, not statically using artificial equilibrium models.

5 comments

funny video