Edward Hugh : How Life In The Internet Changes The Practice Of Macroeconomics

Speaker: Edward Hugh
Chair: Professor Luis Garicano
This event was recorded on 14 February 2011 in Sheikh Zayed Theatre, New Academic Building


A surprising feature of economic analysis of the current crisis has been the pivotal role played by a small number of bloggers, often positioned far from the academic mainstream. This event will feature one of the top bloggers on the Euro Crisis who will discuss the role the bloggers have played in our understanding of the current Euro Crisis, and in what ways having more data in our hard drive than the sum total of all previous economists changes our understanding of macroeconomics. Edward Hugh is an independent macro economist based in Barcelona. He studied at the LSE, where he obtained his BSc (econ). He then went to Manchester University where he was awarded an MSc in the philosophy and sociology of science. He subsequently persued doctoral studies there for a thesis which was never completed. He is a regular contributor to a number of weblogs, including A Fistful of Euros, Roubini Global Economics Monitor, Global Economy Matters and Demography Matters. He also has an active and widely followed Facebook community. For more information on Edward Hugh see the recent profile in the New York Times. Luis Garicano is a Professor of Economics and Strategy at the LSE's departments of Management and Economics.

Marc Faber : Emerging Economies are very tied to the Chinese economy

Marc Faber :".......In general, the issue is that between 2008 and today, emerging economies have performed very well economically speaking and the rest of the world has not, and therefore, we had an outperformance in emerging economies' stock markets. Now, the question is emerging economies are very tied to the Chinese economy, and if the Chinese economy slows down or goes into a recession or there is a bubble that bursts in China, before the developed market economies recover strongly, what the implications will be on equities? That's why I feel more comfortable today to move back some money out of emerging economies into the developed markets. ...."
via www.economictimes.indiatimes.com

Ha-Joon CHANG - 23 Things They Don't Tell You About Capitalism

Speaker: Professor Ha-Joon Chang
We may like or dislike capitalism, but surely we all know how it works. Right? Wrong. Today, most arguments about capitalism are dominated by free-market ideology and unfounded assumptions that parade as 'facts'. This lecture in which Ha-Joon Chang will talk about his new book 23 Things They Don't Tell You About Capitalism| tells the story of capitalism as it is and shows how capitalism as we know it can be, and should be, made better.


Ha-Joon Chang (born in South Korea in 1963) is a leading heterodox economist specializing in development economics. He currently teaches political economy of development at the University of Cambridge. He is the author of numerous influential books, including Kicking Away the Ladder: Development Strategy in Historical Perspective (2002), who won the 2003 Gunnar Myrdal prize awarded by the European Association for Evolutionary Political Economy (EAEPE).

One of the main disciples of Joseph Stiglitz, Ha-Joon Chang has worked as a consultant for the World Bank for the Asian Development Bank for the European Investment Bank, for various UN agencies and the NGO Oxfam . There is also a member of the Center for Economic and Policy Research in Washington, DC

He received the 2005 prize for the advancement Leontieff limits of economic thought (awarded in the past including Amartya Sen, John Kenneth Galbraith and Herman Daly), awarded by the Global Development and Environment Institute.