POLS 3790 Lecture Notes - Lecture 7: Yanis Varoufakis, Financial Stability Board, International Monetary Fund
17 Feb 2018
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Conventional wisdom what everyone else believes, or the way it ought to be. The body of ideas or explanations generally accepted as true by the public and/or by experts in a field. Conventionally the way things are done. (i. e. the conventional wisdom is that finance is a topic studied by students in economics or bcom programs, it"s a specialist field). Whether or not it"s borne out by the facts is something to consider. We can challenge conventional wisdom, maybe the conventional wisdom needs a shift. Yanis varoufakis - how to construct a global revolution (podcast with russell brand) When were talking institutions and finance, we need to think of certain mandates such as unemployment and inflation. Yet, as a citizen you can"t call your mp and criticize the bank. Other aspects of government, such as central banks, are off limits, central banks are independent of central authority.
