Back in 2007, the vast majority of economists did NOT see the two-trillion-dollar global financial crisis (GFC) coming. What was going on with their economic modelling? Is an economic model only as good as your ideology? What can we reasonably ask of an economist and their economic model? And if the economy is inherently unpredictable, what is the point of an economic model?
Dr. Adam Kaczynski is our guide through this thorny thicket. After a detour through Polish central planning we emerge into the sunlight of emergent phenomena.
orangefreesounds.com
Sound effects permitted for non-commercial use under license
“Attribution-NonCommercial 4.0 International (CC BY-NC 4.0)”
Goblin's Dream
by Augustin C
https://freemusicarchive.org/music/Augustin_C/Fantasy_Music/Goblins_Dream
Song permitted for non-commercial use under license
“Attribution-NonCommercial 4.0 International (CC BY-NC 4.0)”
Theme music:
St. Germain by Alice Ivy
One in Ten by UB40