The Pin that Popped the Textbook Bubble: Open (Notes for my 2015 #sxswedu talk)
At this year’s SXSWEdu I gave a Future15 talk, a 15 minute talk given in a “TED style” format. These are the notes I wrote while preparing for the talk. The talk itself differed from these notes somewhat, including some improvisations, but this will give you a broad sense of the argument. What is a bubble? King, Smith, Williams and Van Boening (1993) define a bubble as “trade in high volumes at prices that are considerably at variance with intrinsic values.” Krugman describes a bubble as a situation in which prices appear to be based on implausible or inconsistent views about the future (2013). (wikipedia) ...