{"id":10824,"date":"2014-06-24T15:48:46","date_gmt":"2014-06-24T19:48:46","guid":{"rendered":"http:\/\/multiplier-effect.org\/?p=10824"},"modified":"2014-06-24T15:48:46","modified_gmt":"2014-06-24T19:48:46","slug":"daniel-alpert-at-the-minsky-summer-seminar","status":"publish","type":"post","link":"https:\/\/blogs.bard.edu\/multiplier-effect\/daniel-alpert-at-the-minsky-summer-seminar\/","title":{"rendered":"Daniel Alpert at the Minsky Summer Seminar"},"content":{"rendered":"<p>On Saturday, Daniel Alpert\u00a0delivered the\u00a0closing remarks at\u00a0the Levy Institute&#8217;s Hyman P. Minsky <a href=\"http:\/\/www.levyinstitute.org\/conferences\/summerprog2014\/\">Summer Seminar<\/a>:<\/p>\n<blockquote>\n<p style=\"color: #222222\"><span style=\"color: #222222\">Minsky had the rarely seen ability to stand back from all he had learned\u2014even at times from his own mentors\u2014and not only see and articulate what was misunderstood, what wasn\u2019t working, but also to explain why conventional wisdom is often not always all that wise and why markets often proceed in delusional fashion.\u00a0 And by this I mean not merely the often irrational animal spirits of markets, nor the Keynes\u2019 casino, nor his beauty contest, but an almost collective agreement to ignore the most obvious of fact-pictures staring right back at us.\u00a0 And often, to ignore them because they force consideration of exogenous variables that aren\u2019t readily incorporated into existing mainstream models, to ignore them because they are too heterodox to be considered by those who have invested their lives work in developing and interpreting mainstream theory, or to overlook them because they involve understanding the often obtuse complexities of actual market operations that go beyond ivory tower theories of market behavior.<\/span><\/p>\n<\/blockquote>\n<p>Read Alpert&#8217;s full remarks\u00a0<a href=\"http:\/\/www.economonitor.com\/danalperts2cents\/2014\/06\/23\/closing-dinner-remarks-the-hyman-p-minsky-summer-seminar-june-21-2014\/\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Saturday, Daniel Alpert\u00a0delivered the\u00a0closing remarks at\u00a0the Levy Institute&#8217;s Hyman P. Minsky Summer Seminar: Minsky had the rarely seen ability to stand back from all he had learned\u2014even at times from his own mentors\u2014and not only see and articulate what was misunderstood, what wasn\u2019t working, but also to explain why conventional wisdom is often not [&hellip;]<\/p>\n","protected":false},"author":202,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25,40],"tags":[919,1130,30,416],"class_list":["post-10824","post","type-post","status-publish","format-standard","hentry","category-levy-institute","category-monetary-policy","tag-daniel-alpert","tag-levy-institute","tag-minsky","tag-seminar"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/10824","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/users\/202"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/comments?post=10824"}],"version-history":[{"count":2,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/10824\/revisions"}],"predecessor-version":[{"id":10826,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/10824\/revisions\/10826"}],"wp:attachment":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/media?parent=10824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/categories?post=10824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/tags?post=10824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}