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Boom Bust Boom (2015)

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Terry Jones guides us through the history and the nature of the economic boom-bust cycle and why people repeatedly ignore it to their sorrow.

Writers:

Terry Jones (co-writer), Theo Kocken (co-writer)

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Cast

Cast overview, first billed only:
Terry Jones ... Himself - Presenter
George Magnus George Magnus ... Himself - Economist & Author
Robert Shiller Robert Shiller ... Himself - Nobel Prize Winner, Economic Sciences (as Robert J. Shiller)
Zvi Bodie Zvi Bodie ... Himself - Professor of Management
John Cusack ... Himself - Actor & Writer
Andy Haldane Andy Haldane ... Himself - Chief Economist of the Bank of England
Laurie Santos Laurie Santos ... Herself - Associate Professor of Psychology & Cognitive Science
Willem Buiter ... Himself - Bank of England's Monetary Police Committee
Dirk Bezemer Dirk Bezemer ... Himself - Associate Professor of Economics (as Dirk J. Bezemer)
Steve Keen Steve Keen ... Himself - Professor of Economics
Paul Mason Paul Mason ... Himself - Channel 4 News Economics Editor
James K. Galbraith James K. Galbraith ... Himself - Professor of Government
Randall Wray Randall Wray ... Himself - Professor of Economics
Nathan Tankus Nathan Tankus ... Himself - Associate to Institute of New Economic Thinking
Lucy Prebble Lucy Prebble ... Herself - Author, ENRON
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Storyline

Terry Jones presents Boom Bust Boom. The result of a meeting between writer, director, historian and Python Terry Jones and economics professor and entrepreneur Theo Kocken. Co-written by Jones and Kocken and featuring John Cusack, Nobel Prize winners Daniel Kahneman, Robert J Shiller and Paul Krugman, the film is part of a global movement to change the economic system through education to protect the world from boom and bust. A unique look at why economic crashes happen, Boom Bust Boom is a multimedia documentary combining live action with animation and puppetry to explain economics to everyone.

Plot Summary | Add Synopsis


Certificate:

G | See all certifications »
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Details

Official Sites:

Boom Bust Boom | Official website | See more »

Country:

Netherlands | UK | USA

Language:

English

Release Date:

11 March 2016 (USA) See more »

Also Known As:

Boom Bust Boom Bust Boom - Your Part in Ruining the Economy See more »

Company Credits

Production Co:

Bill and Ben Productions See more »
Show more on IMDbPro »

Technical Specs

Runtime:

Color:

Color
See full technical specs »

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User Reviews

 
Human nature, debt, and history
12 March 2016 | by ferguson-6See all my reviews

Greetings again from the darkness. On the heels of Adam McKay's scathing and entertaining explanation of the 2008 financial collapse comes Terry Jones (of Monty Python fame) with a more global perspective of the same era. McKay's Oscar nominated The Big Short was designed to let us know who did what and why, while Jones' version applies a British spin and his wildly creative approach in breaking down the long-standing economic models that wreak havoc with our money.

Jones has joined forces with Economics Professor Theo Kocken to school us on the "leftover" strategies and economic models used by Politicians and Bankers … models that assume the market (investors and institutions) will act rationally. Our education comes courtesy of a multi-media show featuring animation, puppets, music and expert interviews (economists, authors, academic leaders, and at least 3 Nobel Prize winners).

According to the movie (and it's difficult to argue otherwise), human nature is the Achilles heel of Capitalism. In fact, they use the term euphoria to describe the phenomenon that occurs as "stable" economic times lead to more risk and more debt. Debt clearly is the most profound 4-letter word in economics.

A film within the film … "Terry Jones' Short History of Financial Crisis" takes us back to the 1500's and through modern times, as the same mistakes recur. One of the more effective sequences shows State of the Union addresses from President Calvin Coolidge (1928) and President George W Bush (2006). Both speeches proclaim solid economies only 1-2 years prior to the two biggest collapses in U.S. history … just two extreme examples that the experts have no idea where the economy is headed as long as they continue to utilize the models that have proved to be ineffective.

It's fascinating to get specifics on Hyman Minsky's "Financial Instability Hypothesis", as well as an explanation of the Neoclassical Economic Model (better known as the Free Market). Insight is provided by University of Texas Professor James Galbraith, son of famed economist John K Galbraith, and it's quite enlightening to hear Allan Greenspan (a long time believer in the Free Market system) admit to being wrong about expecting rational behavior from those in the market.

The movie will forever act as a reminder for us to pinch ourselves should we think "this time is different". In fact there is a movement by Economics students to change the way Economics degrees and PhD programs are structured – more emphasis on learning from history, and re-thinking and re-designing economic models. The applicable websites are: http://www.rethinkeconomics.org/ http://www.ecnmy.org/


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