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"If I have seen further it is only by standing on the shoulders of giants." – Sir Isaac Newton

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    "Talent is God-given: be humble. Fame is man-given: be grateful. Conceit is self-given: be careful." John Wooden

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    "If you can't predict the future, then you need a system that can handle breakdown" John M. Keynes
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    "The birth of economics as a discipline is usually credited by Adam Smith, who published "The Wealth of Nations" in 1776. Over the next 160 years an extensive body of economic theory was developed, whose central message was: Trust the Market." _ Paul Krugman
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    "One fear is that foreign investors will stop buying U.S. debt, just as Washington needs to borrow more. Such a turn could lead to a dollar collapse, causing spikes in long-term rates and inflation. The less the U.S. need to borrow from abroad, the less downward pressure on the dollar - and the greater the balance in the global economy." _ James C. Cooper
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    “Nếu ai cũng sợ chụp mũ, nếu chỉ có một trung tâm độc quyền phát ra chân lý, nếu cấp dưới chưa có thói quen tranh luận với cấp trên, không dám suy nghĩ bằng cái đầu của mình vì sợ mất đầu, thì tình trạng lạc hậu về nhận thức lý luận ở nước ta sẽ còn kéo dài”_ GS. TS. Dương Phú Hiệp
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    “Vì dân, cứ nghĩ làm thế nào để vì dân thì sẽ biết cách làm việc, biết cách sống"

    "Đất đai rừng biển của ta
    Tự cường dân chủ ắt là tiến mau
    Quyết trừ tham nhũng làm đầu
    Nghiêm trị những kẻ cường hào nhiễu dân
    Chỉnh Đảng trong sạch rất cần
    Nghe nhiều bớt cấm thì dân đồng lòng
    Tăng kinh tế, tăng quốc phòng
    Dân mà tâm phục thì không sợ gì…"_ tướng Nguyễn Trọng Vĩnh
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    “Học thuyết của Khổng Tử có ưu điểm là sự tu dưỡng đạo đức cá nhân. Tôn giáo Giê-su có ưu điểm là lòng nhân ái cao cả. Chủ nghĩa Marx có ưu điểm là phương pháp làm việc biện chứng. Chủ nghĩa Tôn Dật Tiên có ưu điểm là chính sách thích hợp với điều kiện nước ta… Khổng Tử, Giê-su, Marx, Tôn Dật Tiên, chẳng đã có những điểm chung đó sao? Họ đều muốn mưu cầu hạnh phúc cho loài người, mưu phúc lợi cho xã hội. Nếu hôm nay họ còn sống trên đời này, nếu họ họp lại một chỗ, tôi tin rằng họ nhất định chung sống với nhau rất hoàn mỹ như những người bạn thiết. Tôi cố gắng làm người học trò nhỏ của các vị ấy”_ Hồ Chí Minh

ECON

Adam Smith

Adam Smith

Time: June 16, 1723 – July 17, 1790

School: Classical economics

Book: An Inquiry into the Nature and Causes of the Wealth of Nations

Notable ideas: Classical economics, modern free market, the “invisible hand” – laissez-faire, “absolute advantage

He is widely acknowledged as the “father of economics

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John Maynard Keynes

Keynes

Time: June 5, 1883 – April 21, 1946

Schools: Keynesian economics, Social market economy

Book: The General Theory of Employment, Interest, and Money

Notable ideas: Spending multiplier – interventionist government policy, macroeconomic relationships

He is one of the fathers of modern theoretical macroeconomics.

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Friedrich Von Hayek

Hayek

Time: May 8, 1899 – March 23, 1992

Schools: Classical liberalism and Austrian economics

Book: The Road to Serfdom

Notable ideas: Economic calculation problem, Catallaxy, and free-market capitalism

He shared the 1974 Nobel Prize in Economics with ideological rival Gunnar Myrdal “for their pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the interdependence of economic, social and institutional phenomena.”

He is considered to be one of the most important economists and political philosophers of the twentieth century.

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Milton Friedman

Milton Friedman

Time: July 31, 1912 – November 16, 2006

Schools: Chicago school of economics, economic freedom

Book: Capitalism and Freedom

Notable ideas: consumption analysis, monetary history and theory, a free market, the complexity of stabilization policy

He is the most influential economist of the second half of the 20th century…possibly of all of it.

“There are very few people over the generations who have ideas that are sufficiently original to materially alter the direction of civilization. Milton is one of those very few people.”

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Paul Robin Krugman

Paul Krugman

(born February 28, 1953)

He is well known in academia for his work in trade theory, which provides a model in which firms and countries produce and trade because of economies of scale and for his textbook explanations of currency crises and New Trade Theory.

He is generally considered a neo-Keynesian.

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List of economists

50 Free Ivy-League Lectures on the Economy

The economy has taken central stage in world news for the past few years due to rapidly failing markets the world over. Even with so much attention focused on economic issues if you’re not familiar with the field, or simply want a more in-depth look at things, it can be hard to follow just what’s going on. These lectures, given by scholars from some of the most prestigious educational institutions in the United States and around the world can help give you that foundation of knowledge and help you better understand the financial crisis that’s been building over the past few years.

General Economics

These lectures will help you learn the basics of the field of economics and touch on some more specific economic issues as well.

  1. Beyond Freakonomics: New Musings on the Economics of Everyday Life: University of Chicago professor and economist Steven Levitt further explains his theory on everyday economics in this lecture. [Princeton]
  2. Game Theory: Learn more about how game theory can be applied to economics in this lecture from Yale professor Ben Polak. [Yale]
  3. Financial Markets: This lecture series from professor Robert Shiller will teach you about the basics of the economic system and how each part fits together. [Yale]
  4. Economic Theory for an Innovative World: Learn why this economist thinks existing models should be changed so that businesses can foster innovation and change. [Columbia]
  5. Women and Economic Development: Learn about the role between women, money and power on a global scale at this great lecture event. [Harvard]
  6. Higher Education and the Recession: Check out this lecture to find out how higher education is being affected by the recession and how it might trickle down into local communities. [Cornell]
  7. The Challenges Retiring Baby-Boomers Face: This lecture will help you better understand how to plan for retirement or advise your parents on how to do so. [UPenn]
  8. Why Stock-price Volatility Should Never Be a Surprise, Even in the Long Run: Here you can gain a better understanding of how stocks work, and why you shouldn’t expect them to remain stable all the time. [UPenn]
  9. Close-up on Vicki Bogan: Listen to this lecture to get a better understanding of financial decision making. [Cornell]

Understanding the Economic Crisis

If you are confused about the economic crisis, these lectures can help you understand its causes and what it might mean for you or your business.

  1. Understanding the Crisis in the Markets: A Panel of Harvard Experts: Get an explanation of the financial crisis from some of the best and the brightest by watching this panel discussion at Harvard. [Harvard]
  2. Capitalism and Confusion: Here, Nobel Laureate Amartya Sen speaks about the current financial crisis. [Cornell]
  3. Are Hedge Funds Out of Control?: Andrew Metrick, a professor of finance at Wharton, explains some of the issues with hedge funds in this 2007 interview. [UPenn]
  4. The Subprime Drama Continues, but for How Long?: Has the subprime crisis run its course? This lecture from Richard Herring attempts to address many of the issues surrounding this complex topic. [UPenn]
  5. What’s Ahead for Financial Markets?: Jeremy Siegel and Jacob Wallenberg give their opinions on how we can expect the markets to change in the coming years in this lecture. [UPenn]
  6. The U.S. Auto Industry: Dangerous Curves Ahead?: This 2007 lecture reflects some of the concerns with the auto industry that are coming to a head today. [UPenn]
  7. Jeremy Siegel: Snapshots of the U.S. and Other Markets: Get a handle on what events precipitated the market fall with this lecture that addresses the sub-prime market, the stock market and foreign markets. [UPenn]
  8. Origins of the Financial Mess: Alan Blinder, a Professor of Economics and Public Affairs at the Woodrow Wilson School and co-director of Princeton`s Center for Economic Policy Studies, discusses the financial crisis in this lecture. [Princeton]
  9. Financial Crises: Check out this series of lectures to learn about the roots of a financial crisis, responses and results. [Princeton]
  10. The Financial Crisis: Implications for Washington, Wall Street and Main Street: Here you can get some insights from Cornell experts on the financial crisis and what it means for business both big and small. [Cornell]
  11. Soft Landing Economy: This lecture from 2006 shows just how wrong many predictions about the seriousness of the market downturn really were. [UPenn]

Proposed Solutions to the Economic Crisis

Once you’ve learned a little more about where the financial crisis stands, you can listen to these lectures that propose a variety of solutions, sometimes conflicting, on what to do to help it recover.

  1. Temporary Nationalization Necessary to Save Troubled Banks: This lecture from Columbia Business School Professor Stiglitz takes the stance that the government should take control of failing banks to ensure economic stability. [Columbia]
  2. Preventing the Next Financial Crisis: Pay close attention to this lecture series that brings together numerous scholars, researchers and experts to discuss how future financial disasters can be averted. [Columbia]
  3. Will the Stimulus Actually Work?: Billions of dollars were pumped into failing U.S. businesses, but will it make any difference at all in the long run? This lecture from professor Steven Kyle discusses the issue. [Cornell]
  4. Economics Advice for President Obama: Several economists at Cornell share their thoughts on what the government should do in this informative discussion. [Cornell]
  5. Economists to Obama: Get the Government out of the Banking Business: Wharton finance professor Richard J. Herring discusses the importance of keeping the government out of private banking in this lecture. [UPenn]

Future of the Economy

Listen or watch these lectures to hear projections about where the markets and the economy are headed in the next few years.

  1. The Market Will Stage Another Recovery: This June 2009 lecture from a Wharton professor explains that temporary setbacks shouldn’t get consumers disenheartened as the market will recover again. [UPenn]
  2. The Real Fiscal Crisis is Yet to Come: This lecture delves into the real costs the stimulus plan may exact on the average American–in the form of taxes. [UPenn]
  3. Once the Market Has Fallen 50% Your Future Returns are Even Better: Here you can learn why now may be a good time to invest. [UPenn]
  4. Jeremy Siegel on the Market: Rough Going for Now, but Stocks Still a Good Bet: Get an expert perspective on investments, stocks and the financial market at large in the wake of large bailouts. [UPenn]
  5. One War We Shouldn’t Avoid: A New Approach to Reducing the Cost of Future Catastrophes: In 2005, three major hurricanes battered the southern United States, costing billions in repairs and with thousands of lives lost. This lecture addresses how we can be better prepared both for the weather and the financial ramifications of it. [UPenn]

International

Take a look at the economy from a global viewpoint in these lectures.

  1. The Outlook for the Global Economy and the Challenges That Must Be Met: Former Secretary of the Treasury Robert Rubin gives you some insight into how the global economy is changing and the many challenges within it that still must by met. [Princeton]
  2. Globalization and Markets: David Dapice addresses how increasing globalization has changed the face of economic markets. [Yale]
  3. The Global Financial Crisis: Iwan Azis discusses how the poor markets will affect the way cities are built and planned. [Cornell]
  4. Work with Middle East but focus on Asia: This lecture from Francis Fukuyama asks American business people and foreign policy makers to create better relations with regions that are becoming ever more important in the global economy. [Cornell]
  5. Conference on Chinese Capitalism: China has become a major player in the world market, and you can learn more about their importance and business practices from this series of lectures. [Cornell]
  6. Feeling the Pain: How the Financial Crisis Is Affecting Brazil, Russia, India and China: This lecture from late last year will give you some insights into the real toll the economic crisis is having abroad as well, with input from business leaders in these four countries. [UPenn]
  7. Richard Marston and Jeremy Siegel: Will the Bank Plan Revive Global Markets?: Listen to this lecture to better understand how government investments in bank equities could impact markets at home and abroad. [UPenn]
  8. The Global Auto Industry: New Cars, Old Problems: America’s auto industry is struggling, and this lecture from professors John Paul MacDuffie and Mauro Guillen helps listeners better understand the role American car makers and those from Japan and India will play in the future. [UPenn]
  9. The Economics of Climate Change: Risk, Ethics, and a Global Deal: Check out this lecture to better understand how climate change can hurt more than the environment. [Princeton]
  10. Economics and the Roots of Terrorism: Learn about some of the economic issues that motivated or helped support terrorism as it is today. [Princeton]
  11. Doha Debacle: What’s Next for Global Commerce: World Trade Organization’s Doha talks, a seven-year effort to establish new global trade rules, collapsed in 2008. Learn what this means for the future of global commerce from this informative lecture. [UPenn]
  12. What’s Greener Than a Rainforest? Economic Transformation and Forest Conservation in Guyana: President Bharrat Jagdeo of the Republic of Guyana talks about how taking an environmentally conscious approach can actually be economically beneficial. [Columbia]

Business Focused

These lectures will help you learn and understand the myriad of economic issues that face businesses today.

  1. Executive Compensation: Over the Top or On Track?: Should top execs be raking in the millions that they are? This lecture from professor Wayne Guay gives his perspective on the issue. [UPenn]
  2. Superclass: The Global Power Elite and the World They Are Making: David Rothkopf discusses his book by the same name in this lecture and how a few powerful people are pulling the strings in worldwide business and economics–usually to their advantage. [Columbia]
  3. Opportunities — and Obstacles — for the B2B Market in Tough Economic Times: Listen to this discussion panel on business to business relationships before and after the financial crisis. [UPenn]
  4. Big Financial Firms May Be Riskier than They Appear: Learn why working with or partnering with large financial firms may actually not be as safe as you would think, as they have failed with at a much higher rate than business owners usually assume. [UPenn]
  5. Adapting to Market Transformation: David Roberts, of Private Equity Firm Angelo, Gordon, gives his thoughts on private equity and its standing in relation to tumultuous markets in this lecture. [UPenn]
  6. The Economics of Searching: Check out this lecture from Salil Sati from MSN Search on the business of developing and promoting a search engine. [UPenn]
  7. Business, Knowledge and Global Growth: Learn how the MBA degree has changed the way business is done in the United States and the world over and the impact it has had on the economy as a result. [Columbia]
  8. Why Not?: This lecture encourages business owners and entrepreneurs to embrace innovation and seek out simple solutions to major problems. [Yale]

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