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Rescooped by Brett Gee from Referendum 2014
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A New Economics for a New Scotland

This is a debate you rarely hear in the independence movement and it’s an essential one. All else is fluff and denial.

 

Tim Jenkins of the New Economics Foundation on:

 

“An economic model for the 21st century – can Scotland thrive with a new economic model that delivers well being and social justice within environmental limits?”


Via Peter A Bell
Brett Gee's insight:

What I take from this is that in economics it is rarley spoken that something is actually going to happen. Instead they focus on things that they say that make them look better but keep them the same, similar to the word nice, it really means nothing.

 

Thus being said Scotland has taken a new approach to economics and I cannot wait to see how it turns out as it incorpirates one of my favorite things (justice) and puts it with economics but the only risk is that it might not work without changing or harming the environmental limit.

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Rescooped by Brett Gee from Science News
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How neuroscience is transforming our understanding of economics.

How neuroscience is transforming our understanding of economics. | Humanities homework | Scoop.it

Economics is at the start of a revolution that is traceable to an unexpected source: medical schools and their research facilities.


Via Sakis Koukouvis
Brett Gee's insight:

although this article is sort we can take a few things from it:

1. Economics is going to go through a revolution

2. The reason why ecomonims is changing is because of medical schools

3. If we were to give more money to medical schools and their research facilities would economics change more?

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Rescooped by Brett Gee from Austrian economics
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Why Economics Needs Economic History

Why Economics Needs Economic History | Humanities homework | Scoop.it

The current economic and financial crisis has given rise to a vigorous debate about the state of economics, and the training which graduate and undergraduates economics students are receiving. Impo...


Via Peter Boettke
Brett Gee's insight:

I think that this is saying that we are moving foward with everything that we have, whether it be technology or government but economics is still failing to improve due to the riskyness of it. It is also saying that we should rethink what we teach about economics.

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Peter Boettke's curator insight, July 26, 2013 6:33 PM

Many years ago, I recommended as a curricular reform for graduate education in economics that we require students to spend time in the library reading in the history of economic thought so they can understand where contemporary economics came from, and to do at least 1 project requiring archival work in economic history so they could learn where contemporary economies came from. Return students to the library, and return them to the field/archives, and you will get economists who have perspective --- PERSPECTIVE and CONTEXT is what is missing in much of modern economics.

Rescooped by Brett Gee from Social Foraging
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How evolution can reform economics – David Sloan Wilson

How evolution can reform economics – David Sloan Wilson | Humanities homework | Scoop.it

Evolution has transformed all we know about how humans behave, compete and co-operate. When will economics catch up?

 

In 2008, as it was becoming clear that a once-in-a-generation financial crisis was upon us, a friend of mine who is a senior corporate executive asked me a peculiar question. Might evolutionary theory have something to say about what caused the crisis? Those of us who labour away in the biological sciences are unaccustomed to fielding questions from corporate executives, but I had founded a think tank called the Evolution Institute and my friend was an early supporter. These were desperate times; the financial crisis had exposed grave weaknesses in our basic understanding of economic systems. The reigning theoretical paradigms in economics had run out of credibility, having, at best, failed to predict the crisis and, at worst, helped to exacerbate it. Could evolutionary theory do better?


Via Ashish Umre
Brett Gee's insight:

This article is very unique, by comparing science to economics it makes a good point. I have learnt  about a 'once in a life time financial crisis' and how it relates to other events.

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