Wednesday, 4 March 2015

Economics for Real People: Economic Ideas–“The World is Ruled by Little Else”


Yes, students are (finally) back at university. So here’s your information about the first seminar of the year from our friends at the Auckland Uni Economics Group:

Economics Group Seminar: Economic Ideas - The World is Ruled by Little Else
John Maynard Keynes, by whose ideas the world is still ruled, once observed,

        “The ideas of economists and political philosophers, both when they are right and when they are
    wrong are more powerful than is commonly understood. Indeed, the world is ruled by little else. Practical
     men, who believe themselves to be quite exempt from any intellectual influences, are usually slaves of
    some defunct economist.”

Keynes was right: economic ideas do rule the world, for good and bad, and have done so for centuries. Yet many economists consider that studying the history of economic ideas to be an indulgence that, while potentially interesting, is nothing more than a distraction from the real issues facing the world today. But aren’t those who understand history better equipped to avoid repeating it?
    Haven't the events of the past seven years given us grounds to rediscover the lessons of the past?
    Our guest speaker for the first Economics Group seminar of 2015 is Julian Darby, investment consultant to a number of New Zealand’s largest investment funds. In his fascinating presentation, which he has given at conferences throughout Australasia, Julian will take us though the history of economic ideas.  He will examine the influential ideas that led Adam Smith to write his monumental treatise on economics and explain why a sound grasp of these ideas matters so much today.

    Time: 6pm-7pm
    Date: Thursday, 5 March
    Location: Auckland University Business School, (Owen G> Glenn Building), Level 0, Case Room 1
                            (plenty of parking in the basement, off Grafton Rd)

We look forward to seeing you there!

PS: Keep ut to date with us on the web at our Facebook group.

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