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"EE" | Economics & Economists - İktisat & İktisatçılar
About economics, schools of economics and economists - İktisat, iktisat ekolleri ve iktisatçılar hakkında
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INOMICS: "Economics Job Market Report 2013: Worldwide Overview"

INOMICS: "Economics Job Market Report 2013: Worldwide Overview" | "EE" | Economics & Economists - İktisat & İktisatçılar | Scoop.it
The World's largest economist job site for academic and professional economists providing latest economics job openings, conferences, courses, programs and executive education.
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Nobel-Prize Winner Lars Peter Hansen on How Economics Has Helped You | TIME.com

Nobel-Prize Winner Lars Peter Hansen on How Economics Has Helped You | TIME.com | "EE" | Economics & Economists - İktisat & İktisatçılar | Scoop.it
The media coverage of this year's Nobel Prize in economics was dominated by the concept of the "efficient market hypothesis," which is narrowly defined as the idea that markets will quickly assimilate all public information about a stock.
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Dani Rodrik to Lecture on Economic Convergence | Institute for Advanced Study

Dani Rodrik to Lecture on Economic Convergence | Institute for Advanced Study | "EE" | Economics & Economists - İktisat & İktisatçılar | Scoop.it
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Friedrich August von Hayek's speech at the Nobel Banquet, December 10, 1974

Friedrich August von Hayek's speech at the Nobel Banquet, December 10, 1974 | "EE" | Economics & Economists - İktisat & İktisatçılar | Scoop.it
Nobelprize.org, The Official Web Site of the Nobel Prize
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Can ‘Yellen Effect’ Attract Young Women to Economics?

Can ‘Yellen Effect’ Attract Young Women to Economics? | "EE" | Economics & Economists - İktisat & İktisatçılar | Scoop.it
The nomination of Janet Yellen to head the Federal Reserve is an important milestone. But will her appointment as the central bank’s first female chief draw more undergraduate women to the field of economics?
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The Nobel Prize in Economic Sciences 2013

The Nobel Prize in Economic Sciences 2013 | "EE" | Economics & Economists - İktisat & İktisatçılar | Scoop.it

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2013 was awarded jointly to Eugene F. Fama, Lars Peter Hansen and Robert J. Shiller "for their empirical analysis of asset prices".

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Niall Ferguson – Paul Krugman Debate (October 2013)

Niall Ferguson – Paul Krugman Debate (October 2013) | "EE" | Economics & Economists - İktisat & İktisatçılar | Scoop.it

The recent debate between Niall Ferguson (blog, Twitter) and Paul Krugman (blog, Twitter):

Niall Ferguson (2013.10.08): “Krugtron the Invincible, Part 1“Niall Ferguson (2013.10.09): “Krugtron the Invincible, Part 2“Niall Ferguson (2013.10.10): “Krugtron the Invincible, Part 3“Paul Krugman (2013.10.11): “Don’t Feed the Trolls“Brett Logiurato (2013.10.10): “Joe Scarborough: A New York Times Editor Told Me That Paul Krugman’s Column Is Their Biggest ‘Nightmare’“The Huffington Post (2013.10.10): “Niall Ferguson Takes On Paul Krugman“The Huffington Post (2013.10.11): “Paul Krugman Says He’s Not Responding To Niall Ferguson (But Kind Of Does)“Noah Smith (2013.10.11): “The Ferg-beast attacks“Josh Barro (2013.10.11): “Niall Ferguson Is Mad That Paul Krugman ‘Acolytes’ Like Me Are Mean To Him“Matthew O’Brien (2013.10.11): “Truth in the Age of Niallism: Harvard historian Niall Ferguson still thinks bluster can substitute for facts.“Matthew Yglesias (2013.10.11): “Turning the Other Cheek on Niall Ferguson“Niall Ferguson (2013.10.12): “Not even @NYTImeskrugman’s appointed claque members actually defend him: http://bit.ly/15hLrgJ“;

Selected background readings (2009-2013) on the past of the latest debate:

Paul Krugman (2009.06.11): “The Crisis and How to Deal with It: George Soros, Niall Ferguson, Paul Krugman, Robin Wells, and Bill Bradley et al.“Paul Krugman (2010.10.02): “How The Other Half Thinks“OECD (2010.10.12-14): “Government budgets: Save or spend?“Bomi Lim & Michael Heath (2010.10.13): “Krugman, Niall Ferguson Renew Debate Over U.S. Stimulus“Noah Smith (2011.10.31): “Niall Ferguson does not know what “Western Civilization” means“Noah Smith (2012.08.19): “Niall, the British Empire is over. Accept it.“Joe Coscarelli (2012.08.20): “Niall Ferguson Smacked Down Over Another Questionable Newsweek Cover“Paul Krugman (2013.02.19): “A Qualified Apology to Niall Ferguson“Noah Smith (2013.04.24): “KrugTron the Invincible“

 

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Krugman: "Don't Feed the Trolls"

Krugman: "Don't Feed the Trolls" | "EE" | Economics & Economists - İktisat & İktisatçılar | Scoop.it

Some readers have been asking when I’m going to reply to certain rants aimed my way. The answer is, never.

But if you really really need a fix, here are a couple of members of my sinister claque: Noah Smith and Josh Barro.

Aykut Kibritçioğlu's insight:

Niall Ferguson - Paul Krugman Debate:

https://twitter.com/akibritcioglu/status/389146872842969088

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Ferguson: "Krugtron the Invincible, Part 2"

Ferguson: "Krugtron the Invincible, Part 2" | "EE" | Economics & Economists - İktisat & İktisatçılar | Scoop.it

As I pointed out yesterday, Paul Krugman's right to consign others to the "Always-Wrong Club" , and routinely to insult anyone who dares to disagree with him, is fatally vitiated by his own embarrassingly bad record of commentary on the European phase of the financial crisis. His repeated and erroneous predictions of the European Monetary Union's imminent collapse constitute a perfect example of what he and his cronies childishly call "derping": to "take a position and refuse to alter that position no matter how strongly the evidence refutes it, who continue to insist that they have The Truth despite being wrong again and again".

Regrettably, Krugman - also known to himself and his cronies as "the Invincible Krugtron" - has not found time in his busy schedule of blogging to make the apologies that I believe are due, not only for his incivility and hypocrisy, but also for his own personal contribution to the crisis of confidence that afflicted Europe in 2011 and 2012. Seldom in the history of the economics profession can one man in a crowded theater have shouted fire more often and more loudly, apparently indifferent to the real economic consequences of his actions.

Aykut Kibritçioğlu's insight:

Niall Ferguson - Paul Krugman Debate:

https://twitter.com/akibritcioglu/status/389146872842969088

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Monday 14 October, 1:00 p.m. CET at the earliest: "Announcement of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel"

Monday 14 October, 1:00 p.m. CET at the earliest: "Announcement of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel" | "EE" | Economics & Economists - İktisat & İktisatçılar | Scoop.it
Nobelprize.org, The Official Web Site of the Nobel Prize
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Defending economics from the anthropologists

Well, one anthropologist anyway. I’m normally the first person to admit that economics would benefit from incorporating findings from other fields into its understanding of human behaviour, be that from anthropology, biology, evolutionary psychology or whatever other field might yield useful insight. After all, that is one of my focuses for this blog. But sometimes the caricatures of economics become too much to bear. So for this post, I want to take a moment to defend economics.

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Economics after the crisis: New model army (Efforts are under way to improve macroeconomic models)

Economics after the crisis: New model army (Efforts are under way to improve macroeconomic models) | "EE" | Economics & Economists - İktisat & İktisatçılar | Scoop.it

THE models that dismal scientists use to represent the way the economy works are sometimes found wanting. The Depression of the 1930s and the “stagflation” of the 1970s both forced rethinks. The financial crisis has sparked another.

 

The crisis showed that the standard macroeconomic models used by central bankers and other policymakers, which go by the catchy name of “dynamic stochastic general equilibrium” (DSGE) models, neither represent the financial system accurately nor allow for the booms and busts observed in the real world. A number of academics are trying to fix these failings.

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NOBEL PRIZE WINNER FAMA TO CNBC'S SANTELLI: 'There's So Much Confusion In What You Said It's Difficult To Answer'

NOBEL PRIZE WINNER FAMA TO CNBC'S SANTELLI: 'There's So Much Confusion In What You Said It's Difficult To Answer' | "EE" | Economics & Economists - İktisat & İktisatçılar | Scoop.it
Nobel prize winner Eugene Fama was on CNBC...
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Nobel ödüllü iktisatçı Lawrence Klein öldü

Nobel ödüllü iktisatçı Lawrence  Klein öldü | "EE" | Economics & Economists - İktisat & İktisatçılar | Scoop.it
Küresel ekonomik eğilimlerin tahmininde kullanılan istatistik modelleri konusundaki çalışmalarıyla tanınan Nobel ödüllü iktisatçı Lawrence Klein 93 yaşında öldü.
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Some Incomplete Monetarist Arithmetic

Some Incomplete Monetarist Arithmetic | "EE" | Economics & Economists - İktisat & İktisatçılar | Scoop.it
Sargent & Wallaces 1981 paper Some Unpleasant Monetarist Arithmetic said fiscal policy should be constrained by the monetary policy framework. But austerity-addicted governments ignore this.
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For additional readings on Sargent-Wallace model: http://kibritcioglu.com/iktisat/econgate/sargewall/

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AK'nin İnternet Sitesi | Aykut Kibritçioğlu's Homepage

AK'nin İnternet Sitesi | Aykut Kibritçioğlu's Homepage | "EE" | Economics & Economists - İktisat & İktisatçılar | Scoop.it

BUGÜNLERDE; http://kibritcioglu.com/iktisat/ ADRESİNDEKİ İNTERNET SİTEMİ http://aykut.kibritcioglu.com ADRESİNE YENİDEN TASARLAYARAK AKTARMAKTA VE KISMEN DE OLSA GÜNCELLEŞTİRMEKTEYİM. BU SÜREÇTE, YENİ ADRESTEKİ BAZI SAYFA, LİNK VE BİLGİLER (HENÜZ) EKSİK VEYA DÜZENSİZ OLABİLİR. ÖZELLİKLE YAYINLAR İÇİN (BİR SÜRE DAHA) ESKİ ADRESİN KULLANILMASI GEREKECEK. “TAŞINMA VE İNŞAAT İŞLERİ” TAMAMEN BİTTİĞİNDE, ESKİ ADRESLER YENİ SAYFADAKİ KARŞILIKLARINA OTOMATİK OLARAK YÖNLENDİRİLECEK. 1997′DEN BERİ SİTEME GÖSTERMİŞ OLDUĞUNUZ İLGİ, DESTEK VE DEĞERLİ ÖNERİLERİNİZ İÇİN ÇOK TEŞEKKÜRLER.

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Can ‘Yellen Effect’ Attract Young Women to Economics?

Can ‘Yellen Effect’ Attract Young Women to Economics? | "EE" | Economics & Economists - İktisat & İktisatçılar | Scoop.it
The nomination of Janet Yellen to head the Federal Reserve is an important milestone. But will her appointment as the central bank’s first female chief draw more undergraduate women to the field of economics?
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Professor Fama's 'Nobel' Prize toxic theory explained

Professor Fama's 'Nobel' Prize toxic theory explained | "EE" | Economics & Economists - İktisat & İktisatçılar | Scoop.it
Readers have requested a summary of the Efficient Market Hypothesis, which is in the news again as a result of the 'Nobel' Prize award to Professor Eugene Fama - see this instant reaction on the ma...
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Niall Ferguson: "Why Paul Krugman should never be taken seriously again"

Niall Ferguson: "Why Paul Krugman should never be taken seriously again" | "EE" | Economics & Economists - İktisat & İktisatçılar | Scoop.it
It's an ill wind that blows no one any good. The financial crisis that came to a head five years ago with the failure of Lehman Brothers has been especially…
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Noah Smith: "KrugTron the Invincible"

Noah Smith: "KrugTron the Invincible" | "EE" | Economics & Economists - İktisat & İktisatçılar | Scoop.it

If you grew up in the 80s you probably remember Voltron. Although the show often had convoluted plotlines, it would somehow always end with Voltron (a super-powerful robot formed from five mechanical lions) facing off against a monster called a "Robeast". Voltron had plenty of weapons, but he would invariably strike the killing blow with his "Blazing Sword". Eventually the show became kind of routine, but to a four-year-old, it was pure gold. In the econ blogosphere, a similar dynamic has played out over the last few years. Each week a Robeast will show up, bellowing predictions of inflation and/or soaring interest rates. And each week, Paul Krugman...I mean, KrugTron, Defender of the Blogoverse, will strike down the monster with a successful prediction of...low inflation and continued low interest rates. Goldbugs, "Austrians", New Classical economists, and harrumphing conservatives of all stripes have eagerly gone head-to-head with KrugTron in the prediction wars, and have been summarily cloven in twain. Don't remember? Well here's a quick (partial) episode guide:

Aykut Kibritçioğlu's insight:

Niall Ferguson - Paul Krugman Debate:

https://twitter.com/akibritcioglu/status/389146872842969088

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Ferguson: "Krugtron the Invincible, Part 3"

Ferguson: "Krugtron the Invincible, Part 3" | "EE" | Economics & Economists - İktisat & İktisatçılar | Scoop.it

In my previous two articles, I have shown that Paul Krugman - revered by his acolytes as the Invincible Krugtron - failed to anticipate the financial crisis and wrongly predicted that the single European currency would fall victim to it. I have exploded his claim to intellectual invincibility. Very clearly, he has made at least twice as many major mistakes in his career as the mere two he has previously admitted to.

You may ask: Why have I taken the trouble to do this? I have three motives. The first is to illuminate the way the world really works, as opposed to the way Krugman and his beloved New Keynesian macroeconomic models say it works. The second is to assert the importance of humility and civility in public as well as academic discourse. And the third, frankly, is to teach him the meaning of the old Scottish regimental motto: nemo me impune lacessit ("No one attacks me with impunity").

Aykut Kibritçioğlu's insight:

Niall Ferguson - Paul Krugman Debate:

https://twitter.com/akibritcioglu/status/389146872842969088

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Ferguson: "Krugtron the Invincible, Part 1"

Ferguson: "Krugtron the Invincible, Part 1" | "EE" | Economics & Economists - İktisat & İktisatçılar | Scoop.it

It's an ill wind that blows no one any good. The financial crisis that came to a head five years ago with the failure of Lehman Brothers has been especially beneficial to the economist Paul Krugman. In his widely read New York Times column and blog, Krugman regularly boasts that he has been "right" about the crisis and its consequences. "I (and those of like mind)," he wrote in June last year, "have been right about everything." Those who dare to disagree with him -- myself included -- he denounces as members of the "Always-Wrong Club." Readers of his blog have just been treated to another such sneer.

"Maybe I actually am right," Krugman wrote back in April, "and maybe the other side actually does contain a remarkable number of knaves and fools. ... Look at the results: again and again, people on the opposite side prove to have used bad logic, bad data, the wrong historical analogies, or all of the above. I'm Krugtron the Invincible!" That last allusion is to the 1980s science fiction superhero, Voltron. The resemblance between Krugman and Voltron was suggested by one of the gaggle of bloggers who are to Krugman what Egyptian plovers are to crocodiles. Yesterday one of these thought,wrongly, that he had caught me out. Unwisely, the crocodile snapped its jaws shut.

Aykut Kibritçioğlu's insight:

Niall Ferguson - Paul Krugman Debate:

https://twitter.com/akibritcioglu/status/389146872842969088

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Episode 6 – Circular Flow – The Economic Lowdown Video Series

Episode 6 – Circular Flow – The Economic Lowdown Video Series | "EE" | Economics & Economists - İktisat & İktisatçılar | Scoop.it
Free resources for consumers and K-16 educators to aid in the study of money and banking, economics, personal finance and the Federal Reserve.
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James Buchanan: The voice of public choice

James Buchanan: The voice of public choice | "EE" | Economics & Economists - İktisat & İktisatçılar | Scoop.it
A LIST of things that Americans judge more favourably than Congress, according to Public Policy Polling, a survey firm, includes colonoscopies, root canals, lice and...
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