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\nLeanne Ussher and Sorin Solomon - Financial Fragility in a Network of Trade Credit\n

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\n\nPublisher:\n\nInstitute for New Economic Thinking\n\n\n
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\nThe physicist Sorin Solomon begins to feel dizzy when the economist Leanne Ussher talks econ lingo. Yet he listens, because the two of them have found a productive area of collaboration: some economic phenomena, they find, can be...\nThe physicist Sorin Solomon begins to feel dizzy when the economist Leanne Ussher talks econ lingo. Yet he listens, because the two of them have found a productive area of collaboration: some economic phenomena, they find, can be explained without recourse to the quirks that feed into human decision making. Sometimes, they say, we can model people as if they were particles, and explore consequences of the social structure that constrains their possible actions. Ussher and Solomon set up a model of Italian industry, stock-flow consistent and grounded in firm-level data on trade credits, to trace out the relation between network structure and financial fragility -- this is new economic thinking.
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Resource Details

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Educator Rating
Not yet Rated
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Media Length
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12:22
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Grade
Higher Ed
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Subjects
Social Studies & History
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Media Type
Instructional Videos
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Source:
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\nNew Economic Thinking\n\n
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Date
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2011
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Concepts

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economics, data, behavior, water
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leanne ussher, sorin solomon, 30 ways to be an economist, complexity, networks, zero-intelligence agents, financial crisis, financial fragility, trade credit, intelligent agents, heterodox background, make payments, leanne, system, make, phenomena, boiling, institute, soren, paper, bank, firms, network, structure, physics, project, thinking, professor, talk, model, understand, postpone, payment
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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Leanne Ussher and Sorin Solomon - Financial Fragility in a Network of Trade Credit\" href=\"/subscription/new\">\"Leanne\n\n
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