Since its establishment in 2011, HEDG has been one of the fastest growing groups within growth, development and economic history and is arguably one of the leading groups in Europe. The work carried out by the group can be described as quantitative, empirical work. The research of the group often focuses on evaluating the effect of an intervention on economic development, for example the impact of health improvements on long-term growth and assessing the impact of agricultural productivity on development.
The last thing a field as sociopathic and out of touch as economics needs is to add machine learning to any of its models. It will end badly... and this is coming from a discipline that respects things like the Laffer Curve, the Invisible Hand and Free Markets... none of which are real and the belief in all of them and more has done deep damage to the world around us. Yikes.
You are wrong.capitalist condition only require austerity (that os different from your definition , it is only not printing unnecessary money neither creating debt)to be functional..non capitalistic economies as fascist.and Marxist are the ones that hate austerity since it keeps the State accountable and expenses in the factual world, demanding efficiency in resource allocation instead of poverty generation for most of the society (economic decay that does not affect the proponents of the policies).
"By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens." -- John Maynard Keynes "Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the equity of the existing distribution of wealth." -- John Maynard Keynes
Capital expansion is the dream of all capitalists, contraction happens when consumers do not consume, when hording (gold, silver, non-productive resources i.e., noncapital). Social programs, such as the “Great New Deal” are fantastic… It seems that the market, the economy is being destroyed by “private equity managers”. Using short term measures to extract wealth from companies through the use of financial manipulations. These practices seem to be criminal to me. These in effect bankrupt profitable companies and organizations (government municipalities are not exempt from these practices). These “financial geniuses” have no interest in production of a product, the providing of a service, nor the employees. The focus is totally upon extracting financial resources. Austerity or scarcity, cutting benefits, stealing pension funds, this goes on and on. The challenge of “regulations” falls short as to the creative ways in which people develop these methods.
Maybe I’m just ignorant, but she starts off claiming a resurgence of “austerity” and then starts listing things that are not really austerity measures. Am I wrong? Isn’t austerity supposed to be reduction of government debt? The basic austerity measures are supposed to be spending cuts. I’ve always found the term abusive to its English meaning, and quite deliberately so. Real austerity by modern government would not include tax increases. Austerity is reduction in luxury, and most government expenditures today are little except luxuries of one kind or another.
The way I see it is that they (those with the wealth and power to dictate such things) tell us (We the People) that austerity is all about keeping spending well within our means, but in reality it's about wealth redistribution, and asset stripping, where the wealth and assets go to those with enough wealth and power to dictate such things.
@@bundleofperceptions1397 Seems about where we are these days. But hey, we get bread and circuses! They inflated my retirement savings away, but at least I can be distracted by them indicting Trump.
Reduction of government debt is too narrow a definition of austerity, or maybe just too technical a way of defining it. Austerity is the impoverishment of the working class to the benefit of capital owners. That could be through reduction of government spending, but the government literally has the power to throw the economy into a recession and reduce wages and increase unemployment. That's what the Fed is doing right now with its monetary policy, breaking the back of inflation by impoverishing the working class even further. Meanwhile, the government continues to spend billions on the war in Ukraine and on industrial policy for the semiconductor and electric vehicle industries. Spending cuts are selective and targeted at the working class. No Republican ever proposes cutting the military budget. It's the working class that must be disciplined, not the government. In other words, austerity is more than just balancing the budget, it is class war against the working class for the advantage of the capital owning class.
HEDG Hosts - Duncan Weldon, on British economic history ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-YI1q09AYPt0.html The British Economy is also a product of it's imperial history. The post war years opened up global travel to everyone. Britain encouraged increasing numbers of immigrants into Britain, often from former colonies. At the same time increasing numbers of emigrants left Britain to former colonies. This was not as evident in Germany and Japan. Britain suffered a brain drain, which slowly undermined the effectiveness of it's manufacturing sector resulting in it's gradual contraction. Now it has a migrant population that is out breeding Britons. The population has risen by 20 million since 1950. These factors have undermined it's sustainability as an independent state. It now has to import half it's food. This is a difficult challenge for any country. Europe made a mess of the EU experiment because it lost control of it's immigration which is now a double pressure, because France and Germany are overpopulating Western Europe with immigrants, some of whom are heading for Britain. Britain needs Europe to dump the EUCHR and take a stringent view of immigration. Anyone outside of Europe should be refused entry. Africa, Islamic Majority and Asian societies should be forced to manage their own population crisis. Western Europe is already overpopulated and must refuse entry to outsiders. It would also help Britain if they worked with the UK to solve the overpopulation crisis. It requires a Chinese style family planning constraint. This is your first RU-vid comment.
Such nonsense and willful ignorance disguised as serious (long-winded!) academic research. The breakthrough which altered all of human societies was was the discovery of exclusive male paternity parallel with the advance of animal husbandry and agriculture. It's ridiculous to speak of marriage before the advance of of agriculture since variations of partible paternity must have the norm. Feminist scholars both decry the subsequent shift to awareness of paternity due to agriculture which gave us all sedentary lifestyles and equally insist on enjoying all the advances given to them by the advances of civilization while also maintaining the assumptions of gynocentrism, a survival strategy for all humans for at least half a million years. In short feminism wants its cake, to eat, and blame men for not giving them even more cake
Big fan of this research and synthesis! Looking forward to catching up the podcasts as well. Very engaging delivery! Some of Dr Evans voice modulation takes a little getting used to but hey, it’s not full Elizabeth Holmes register 😂
