From Carnegie Council, a special report: Prosperity without Growth? The transition to a sustainable economy. Joseph Stiglitz on the great GDP swindle: Better indicators are needed to capture well-being and sustainability (and more on a deeply foolish indicator). The first chapter from The Sense of Dissonance: Accounts of Worth in Economic Life by David Stark. An excerpt from Animal Spirits by George Akerlof and Robert Shiller (and more). Recent research argues that culture affects economic outcomes; do markets instill cultural values that support good outcomes? Economic gangsters come in all shapes and sizes — they're Asian dictators and Somali pirates. A review of books on Bernie Madoff (and more and more). A review of Liquidated: An Ethnography of Wall Street by Karen Ho. Yuliya Demyanyk on ten myths about subprime mortgages. William Cohan on the final days of Merrill Lynch: The inside story of how the government forced Bank of America to acquire the financial management giant. Peter Clarke asks what we've learned from the worst economic crisis since the war. Peter Boone and Simon Johnson on the next financial crisis: It's coming — and we just made it worse. Lucian Bebchuk on why financial pay shouldn’t be left to the market. Mutuality 2.0: If open source can create complex software products, what would be needed for the same techniques to apply to financial products? A review of Dear Undercover Economist: Priceless Advice on Money, Work, Sex, Kids, and Life's Other Challenges by Tim Harford.