POLS 3790 Lecture Notes - Lecture 7: Yanis Varoufakis, Financial Stability Board, International Monetary Fund
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.