Thursday, December 8, 2016

Roger Farmer

Roger E. A. Farmer is Distinguished Professor of Economics at UCLA and the author of two new books on the current global economic crisis: How the Economy Works: Confidence, Crashes, and Self-Fulfilling Prophecies and Expectations, Employment, and Prices.

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The Fear Factor

The dominant macroeconomic paradigm since the early 1980’s does not include unemployment as a factor, and it does not assign an independent role to confidence. But confidence is a scientific concept t… read more

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