Joined September 2020
Replying to @BarkinCihanli
Simply "standing on the shoulders of the giants."
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Barkin Cihanli retweeted
Sevgili @BarkinCihanli ile Türkiye'deki fon krizini @MonetaryBlog için yazdık. / Our blog entry analyzes the recent fund crisis in Türkiye: medium.com/@monetarypolicyin…
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Barkin Cihanli retweeted
Paradox of tranquillity (Minsky): Overconfidence leads to speculative borrowing and then to overpricing of assets which later ends up in decline in asset prices when it is noticed that the firm is excessively indebted..
Tech now makes up a record 55% of all S&P 500 capital spending
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I wrote a letter to the editor about the risks associated with Iceland being a Eurozone and EU member almost a decade ago. It is relieving to see that my advice has been relevant. You can find the letter to the editor here in this link: ft.com/.../3179f49e-1ab4-11e…
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Barkin Cihanli retweeted
I'm so saddened to hear this news. Robert was a generous intellectual and a dear friend. I will miss him.
It is with great sadness that we announce the death of Lord Robert Skidelsky, historian, economist, and a founding member of CAF. Robert was a steadfast defender of free speech and academic freedom, and a shining exemplar of intellectual independence. He was also among the first to recognise the emerging dangers of “safetyism” on campus, an issue he addressed with characteristic clarity in a speech delivered in the House of Lords on 26 November 2015. We reproduce it below in full: I shall draw your Lordships’ attention to two threats to free speech on the campus. In four minutes I have time for only two threats, but I think that they cover most of the ground. The first threat comes from the Government. The state has a duty to protect its citizens from terrorism. The Government have conceived of that duty in part as preventing university students from being what they call “radicalised”. The Counter-Terrorism and Security Act 2015 requires universities to “prevent individuals from being drawn into terrorism”. This is construed as part of their duty to “care” for “vulnerable” students. Universities are required to assess the risks of students being drawn into terrorism and extremism, and to train staff how to assess those risks and “challenge extremist ideas”. Universities must seek government guidance on which speakers to allow on campus. In this guidance terrorism and extremism are frequently conflated, as the noble Lords, Lord Pannick and Lord Lester, have pointed out, although very occasionally the drafters remember that one can hold extremist views without being a terrorist. I turn to the second threat. The National Union of Students has opposed the Counter-Terrorism and Security Act on the grounds that it will lead to mass campus surveillance and the criminalisation of Muslims and black people. The universities should be kept as “open democratic spaces”. All this would carry more conviction if student bodies were not themselves a big threat to free speech on the campus. Student unions in many universities run “no platform” policies for speakers whose views they consider reprehensible, even though they are legal. For the NUS—and this is the key—keeping students “safe” is paramount. Bristol University Students’ Union runs a “safe space” policy aimed at ensuring students’ safety from harassment. However, keeping students safe turns out to include keeping them “safe from radicalisation”. So, despite the verbal skirmishes, the Government and students are quite united on the need to protect students from harmful ideas, differing only slightly in their definition of what they regard as harmful. I must come clean: I hate the doublespeak that runs through the public pronouncements that I have read on this topic. How Orwell would have shuddered. The facts are pretty clear: universities have a statutory duty to uphold free speech and are bound by the Public Order Act to ban incitement to racial and religious hatred. So they have a duty to uphold free speech within the law. Similarly, the security forces have a duty to keep the country safe from terrorism wherever it sprouts—prevention does not stop or continue on the campus. What I deny is that university students are an especially vulnerable species needing special protection against being abused or radicalised. Students are adults: they can vote, fight and die for their country, drive, drink alcohol and so on. Why should they be treated as adults in one branch of life and as children in another? In particular, I think it is an abuse of thought and language to extend the good liberal notion of protecting people against harms to the decidedly unliberal notion of protecting them against harmful ideas.
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Barkin Cihanli retweeted
İçinde bütün iktisadi kavramların post-Keynesyen açıklamalarının olduğu, benim de 'Tekel gücü' bölümüyle katkı sunduğum Post-Keynesyen İktisat Ansiklopedisi'nin Türkçe tercümesi çıktı..
Yeni eserimiz "Modern Ekonomide Kavramlar ve Kuramlar” özel ciltli baskısı ile yayımlandı! İncelemek için web sitemizi ziyaret edebilirsiniz. #vbky #vebenzersiz
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Barkin Cihanli retweeted
“Extensions in the Financial Instability Hypothesis: Theory, Empirics, Policy”
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Congratulations to Barkin Cihanli for successfully defending his UMKC Economics doctoral dissertation yesterday (which was also his birthday!)
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I feel grateful to announce the publication of my latest article and the second chapter of my dissertation: "An Empirical Analysis of the US Economy through the lens of Financial Instability Hypothesis." lnkd.in/greaU7aF.
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Barkin Cihanli retweeted
"Stability leads to instability. The more stable things become and the longer things are stable, the more unstable they will be when the crisis hits." -Hyman Minsky
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The longer I work in psychiatry, the more & more I'm reminded that poverty is one of the most harmful factors (if not the most harmful factor) affecting peoples' mental health.
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Barkin Cihanli retweeted
Nothing I haven't been talking about and writing about for the last 50 years. ;)
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Longer-term perspective on the rise of US oligarchy
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It used to be: The US innovates, China imitates and Europe regulates Today: China originates, the US emulates and Europe stagnates
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Tough math teachers get lower ratings from students, because students like them less. However, students get better grades with the tough teachers than with laxer teachers. Reason #167 why student evaluations of teaching aren’t particularly useful. [Link below.]
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From 2020-2022: US Debt +$7T | Inflation @ 8.9% From 2022-2024: US Debt +$6T | Inflation @ 2.7% It's almost like there was a massive supply shock that caused inflation that was stabilized by a fiscal response that induced investment by increasing profits & fixed supply issues.
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Come and train in the approach and methods of renowned economists and Levy Institute distinguished scholars Hy Minsky and Wynne Godley. Now accepting applications for @LevyEcon MA/MS programs. bard.edu/levygrad/
In addition to our new opportunities, the Levy Grad programs will continue to offer financial support to students through our Wynne Godley and Hyman P. Minsky Scholarships. Further information can be found on our graduate program website. bard.edu/levygrad/
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Barkin Cihanli retweeted
Pretty strong evidence of negative mental health effects of doing a PhD. Recent working paper by @EvaRanehill, @annahsandberg, Sanna Bergvall, and Clara Fernström. Paper link: swopec.hhs.se/lunewp/abs/lun…
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"Did We Do MMT During COVID?" Randy Wray explains
L. Randall Wray responds to @ptcherneva- writing how the COVID pandemic and subsequent policies reinforced the neoliberal order. He describes what an MMT approach to “whatever it takes” would look like. Read: postneoliberalism.org/articl… @ptcherneva's piece: postneoliberalism.org/articl…
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