Two Part Lecture --
First part was 1hr on Eight Misleading and Deceptive Concepts of Conventional Economics -- these should be named as ET1% because they have the appearance of neutrality and objectivity, but they actually promote the interests of the top 1%. This can be opposed by Islamic Economics, which can be considered as ET90%, because it promotes the interests of the general public against the special interests of the rich and powerful.
Second Part of Lecture covers the paper by Hong and Plott on evaluating the policy for rate-filing for transportation on barges. This evaluates whether posted prices, with advance notification of proposed changes, would make the market more competitive. In fact, this policy makes it possible for the large firm to collude and raise prices, and it helps them while hurting the smaller companies and the consumers, who face larger prices on the average.
Rate Filing Policies for Inland Water Transportation: An Experimental Approach
Author(s): James T. Hong and Charles R. Plott
The Bell Journal of Economics, Vol. 13, No. 1 (Spring, 1982), pp. 1-19
AM2L13b Real World Applications of Posted Prices - Lecture explains how experiments can be used to assess real world market institutions, in terms of impact on efficiency and competition.
AM2L13a Eightfold Blindfold of Economic Theories - Post-Istanbul lecture on just the ET1% portion