Panelists:
Hyun Shin, Professor of Economics (Department associate chair)
Markus Brunnermeier, Professor of Economics
Harrison Hong, Professor in Finance
Paul Krugman, professor of economics and international affairs
Alan Blinder, Professor of Economics and Public Affairs and co‚Äędirector of the Center for Economic Policy Studies.
Author Benjamin Barber says the American economy has taken a wrong turn toward encouraging consumption ‚Äî and that’s not what capitalism was supposed to be about.
The problem is, today we have not a productivist economy but a consumer economy. And the emphasis today is not on production, but on consuming. And you’ve got a capitalism which is producing an awful lot of goods which are chasing very few needs, while real needs are going unmet around the world.
The New York Times calculates that Larry Ellison, founder of Oracle, would have to spend $183,000 an hour just to avoid increasing his wealth. And the Senate still can’t decide whether to raise the minimum wage to $7.25 an hour?
(Cribbed from IndyBay) Robert Newman gets to grips with the wars and politics of the last hundred years – but rather than adhering to the history we were fed at school, he places oil center stage as the cause of all the commotion.
This innovative history program is based around Robert Newman’s stand-up act and supported by resourceful archive sequences and stills with satirical impersonations of historical figures from Mayan priests to Archduke Ferdinand. Quirky details such as a bicycle powered street lamp on the stage brings home the pertinent question of just how we are going to survive when the world’s oil supplies are finally exhausted.
Princeton economists review recent events on Wall Street and assess the implications for the economy and public policy.
