Watching the interview below with Nouriel Roubini is a worthwhile effort . Roubini is a mainstream economist from New York University’s business school, and well-known for his pessimism prior to the latest economic implosion. Much of his analysis is fairly mainstream, but he does emphasize the volatile role of commodities (especially oil and food) at least as much as the volatility of real estate securitization. in addition, Roubini understands that inequality is at the core of our current problems. Also interesting is his reference to Karl Marx, whose analysis of the self-destructive contradictions within capitalism are now being taken seriously – even by the the Wall Street Journal journalist conducting the interview. Funny what an economic slump and some riots will do to resurrect the reputation of an old communist!
Quotation of the Week:
Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to only so far as it may be necessary for promoting that of the consumer. The maxim is so perfectly self-evident that it would be absurd to attempt to prove it. (Adam Smith, Wealth of Nations [IV.8.49])
- Mike Smyth is at it again!
- On the latest report card “innovation”
- Reflections on BC’s proposed English 10-12 curriculum
- My response to Michael Fordham’s excellent post, “Is traditionalism [in education] right-wing?”
- Some comments on the Supreme Court education decision
- Choice and flexibility: some thoughts on the new curriculum
- Is a teacher’s knowledge tacit or just uncomfortable?
- The Politics of Curriculum
- Notes and commentary on Karl Polanyi’s The Great Transformation (Part 1)
- Finding Alternative Media