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BEGIN:VEVENT
DTSTAMP:20260618T023539Z
DTSTART;VALUE=DATE-TIME:20140521T170000
DTEND;VALUE=DATE-TIME:20140521T180000
SUMMARY:Book launch: Professor Matthew Watson
TZID:Europe/London
UID:20140521-094d43f545f642d30146049fa1f14f6d@warwick.ac.uk
CREATED:20140516T104149Z
DESCRIPTION:Matthew Watson - ‘Uneconomic Economics and the Crisis of the 
 Model World’ - 21.05.14 S0.19 5pm On Wednesday May 21st at 5.00pm Matthe
 w Watson will be giving a talk on his new book ‘Uneconomic Economics and
  the Crisis of the Model World’. Uneconomic Economics and the Crisis of 
 the Model World Matthew Watson analyses the political response to implod
 ing markets through the lens of the history of thought\, asking 'what ha
 s gone wrong with economics?' against the backdrop of the global financi
 al crisis. The most important historical trend\, he suggests\, is the de
 velopment of an 'uneconomic economics' whereby attention is placed on ex
 plaining relationships in perfectly efficient blackboard markets rather 
 than the much more chaotic institutions encountered in everyday economic
  interactions. Economists now routinely devise highly sophisticated abst
 ract models which are theoretically rigorous but fail to capture the way
  businesses are actually undertaken. The acknowledgement of a gap betwee
 n models and the real world has led many commentators to initially prono
 unce that the financial crisis was equally a crisis of economics. The au
 thor shows\, though\, that the subsequent redefinition of the crisis as 
 a problem of over-extended state spending has successfully rehabilitated
  the model world of orthodox economics opinion.
LOCATION:S0.19 Social Sciences
CATEGORIES:Staff,Current Students - PG
LAST-MODIFIED:20140516T104149Z
ORGANIZER;CN=Kieran Moore:
END:VEVENT
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