Derivatives explained

Derivatives explained
Oct 15, 2009
Marketplace APM
APM is an American public broadcast service.

Economics, But Not as You Know It

Economics, But Not as You Know It
Dr Ha-Joon Chang
1 May 2014
London School of Economics and Political Science (LSE)
https://www.youtube.com/channel/UCK08_B5SZwoEUk2hDPMOijQ

Thomas Piketty
http://www.economist.com/blogs/economist-explains/2014/05/economist-explains

Elysium
https://franzcalvo.wordpress.com/2013/08/10/elysium

1:02:45 Economy predictions exist to make astrology respectable.
Yes, you can predict certain things, but that requires quite restrictive assumptions in very fixed situations.

Economy can never be a science, because:
a. All of its categories are political, and
b. Unlike objects studied by natural science, human have free-will.

Entrepreneurs–by definition–behave in an irrational way.