New School Economic Review

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15 TED talks for econ nerds

by Benjamin on June 7, 2011

At least that’s what the headline says on this post by Liz Nutt over at the AccountingDegree.com blog who kindly dropped me an e-mail pointing to it and encouraging me to re-post. I have to admit there’s a lot of good stuff in here, my personal favorites include Hans Rosling and Collier’s talk is worth a listen. Steven Levitt is a question of your tastes, and I am now off to learn about the economics of terrorism (the presenter has gotten some good reviews in the past) and the talk on Bernie Madoff.

Through these talks, you’ll get to hear some of the world’s foremost experts on behavior, economics, and politics discuss a wide range of issues, from inequality to consumerism– often with an interesting and unique take on the subject matter that’s perfect for stimulating your inner (and not-so-inner) geek.

Loretta Napoleoni: The intricate economics of terrorism: You might be surprised at the economic and political issues that go on behind terrorist organizations. In this talk  you’ll learn about the money laundering, dirty deals and political subterfuge that goes on all over the world, helping to fuel terrorist organizations.
Steven Levitt analyzes crack economics: Freakonomics author Steven Levitt presents some interesting data on the financial aspects of drug dealing in this talk, showcasing the dangers that go along with the work– sometimes with little or no reward for anyone outside of the top echelons.
Laurie Santos: A monkey economy as irrational as ours: Humans can behave pretty irrationally when it comes to money or just making decisions in general. Laurie Santos shows in this talk that we’re not the only primates that make silly decisions– some of our closest genetic relatives do so as well.
John Gerzema: The post-crisis consumer: In this talk, you’ll hear about a surprising possible upside to the recent financial crisis– more thoughtful consumers and businesses who are adapting to meet their needs.
Hans Rosling: Asia’s rise — how and when: Today, Asian nations like China and India are economic powerhouses, and could soon outstrip the US and many other nations– something researcher Hans Rosling demonstrates in an amusing and clear way in this talk.
Paul Collier on the “bottom billion”: Much attention is focused on the wealthy and successful, but what about the world’s billions of individuals living in poverty? This talk from Paul Collier discusses some ways that we can all work to help close the gap between the rich and the poor.
Nandan Nilekani’s ideas for India’s future: Discussing India’s recent economic success, author and IT expert Nandan Nilekani addresses what the country will need to do to maintain its recent progress in the coming years.
Martin Jacques: Understanding the rise of China: Economist Martin Jacques addresses the rise of China as an economic power in this talk, explaining how the country has changed, what has allowed it to do so and how it will continue to change in the future.
Amory Lovins on winning the oil endgame: Because so much of the world depends on oil it is an incredibly precious commodity, one that makes us very dependent on international trade and certain regions of the world. Here, Amory Lovins explains his plan to wean the US off of oil and start building a different kind of energy industry here at home.
Eleni Gabre-Madhin on Ethiopian economics: Ethiopia is currently the world’s largest recipient of food aid but Eleni Gabre-Madhin doesn’t think it should have to be that way. Instead, she lays out a plan to help revolutionize the economy of the country, creating wealth and large commodities market.
Kevin Bales: How to combat modern slavery: From an economic standpoint, slavery is a quick and easy way to make more money but from a moral standpoint, it’s simply reprehensible. Unfortunately, many businesses around the world still operate and profit from slavery– something activist Kevin Bales wants to change, making significant economic and political changes to limit the possibility of slavery around the world.
Misha Glenny investigates global crime networks: An expert on organized crime networks worldwide, Misha Glenny explains how these groups now make up 15% of the global economy– a frightening statistic for any law-abiding citizen.
Geoff Mulgan: Post-crash, investing in a better world: While the money has already been spent today, Mulgan presents an interesting option for those stimulus dollars that might have been a better solution in the long run: invest them into new, sustainable businesses, focusing on the future instead of the past.
Peter Eigen: How to expose the corrupt: Corruption is a pretty common thing worldwide when it comes to politics and business, but it’s not something that’s ultimately good for the citizens of any nation in the world. Here, Peter Eigen shares his mission to improve transparency and fight corruption.
Matt Weinstein: What Bernie Madoff couldn’t steal from me: Matt Weinstein lost his life savings to scammer Bernie Madoff, but in this lecture, he shares some of the lessons he’s learned from the experience and the wisdom financial disaster helped him to gain

Posted 11 months, 2 weeks ago at 05:29.

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Visualize this

by Benjamin on January 30, 2010

Visualisation is the new vogue in economics – and I think it’s official. I’ve been going on about Hans Rosling, Gapminder and Edward Tufte in the past, and now Rosling’s even been named Foreign Policy’s #96 top global thinker. Going by the top ten, that might not be a very wonderful list to be on, although it has a big chunk of economists in general. But I digress.

Visualisation is the new ‘cool’ thing to do in economics. The World Bank has their own visualiser and has even splurged on direct developer tools and on-line data simulation (called iSimulate, so one might expect the odd R-rated joke, as with the iPad). Both the IMF and even Eurostat has  joined the bandwagon, and the UK government is promoting data visualisation for its civil servants to use in the public sector. This is following a private sector trend, admittedly started by the Gapminder project, which is still – I think – the best of the lot, which explains why Google bought it back in 2007. But google operates their own visualiser straight on the search engine, and the Guardian runs a big data storage and visualisation site, to which David McCandless, of the excellent Information is Beautiful Blog contributes and writes for.

So where does all this visualisation lead? Well… for the moment it is a lot of fun and data can be revealing. That said, it needs to be combined with insight and planning before it will be much use to the day-to-day economist I reckon. Davind McCandless’ new book The Visual Miscallaneum (which I got today) goes a long way to inspire our use of graphics. Garr Reynold’s Presentation Zen books on Presentation and Design are good for helping us think about how to present (the first more so than the second I think). But the reality is that for the moment journals print graphs in black and white, with a bare minimum of design scope. And lets be honest, visualising the supply lines and bottlenecks in the confused and complicated Haitian (and similar) aid operations would probably be the most beneficial of all data visualisations – but that’s not being done, not yet at least.

Posted 2 years, 3 months ago at 09:37.

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What HIV Epidemic?? Hans Rosling’s back

by Benjamin on August 30, 2009

In June, Hans Rosling (raved about earlier) gave a talk at the US State department explaining that the mindset about developing and developed countries is wrong, and the idea of an African HIV epidemic is wrong… He has a dataset, and if our mindset does not coincide with the dataset, then one of them must be wrong… The talk encompasses historical comparrisons of the US and China, an overview of world incomes and a discussion of the HIV ‘epidemic’  in Africa… Which according to Rosling is not an epidemic, but rather is a

Special situation probably of concurrent secxual partnerships among part of the heterosexual population in some countries or some parts of countries, in South East Africa. Don’t make it Africa, don’t make it a race issue. Make it a local issue.

Below is the State Department talk, but a documentary entitled “Rosling’s World” just aired on Swedish Television (in Swedish with English Subtitles), which will be free to watch until 15 September. I’m off to watch it now.

All in all, this is well worth watching, and I am sure it will provoke some responses.

Posted 2 years, 8 months ago at 09:44.

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Can you see the music?

by Benjamin on February 9, 2009

For those of you who have not yet heard of Hans Rosling, let me introduce a man who single-handedly makes data and statistics exciting, interesting and easy to play with (yes I said play) via the gapminder project. Dr. Rosling in a talk at the OECD a few years back opened by showing the audience something beautiful. He showed Chopin… In fact he put a copy of the notes on the screen, looked at it’s beauty and said:

Few people will appreciate the music if I just show them the notes. Most of us need to listen to the music to understand how beautiful it is. But often that’s how we present statistics; we just show the notes we don’t play the music.

And Hans Rosling Played the music and presented statistics on growth, development, health and everything else in a way which is just fanstastic! Take some time, it’s well worth watching:

Debunking third world myths, and the best stats you’ve ever seen!
Fantastic… If you are not excited by stats after this… there’s no hope

 

New Insights on Poverty and Life around the World
Stats, graphics, imagery, poverty… Oh yeah, and getting ‘serious’ with PowerPoint…

 

Unveil the Beauty of Statistics
Quality not as good as the TED talks, but message is right on the spot

Posted 3 years, 3 months ago at 18:05.

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