archive

A critique of pure financial reason

From Re-public, a special issue on the economic crisis. From Dollars and Sense, (economic) freedom’s just another word for crisis-prone. Wall Street’s near-death experience: An excerpt from Too Big to Fail by Andrew Ross Sorkin (and a roundtable). Gillian Tett reviews Liquidated: An Ethnography of Wall Street by Karen Ho. An interview with Eric Maskin on books about financial crises and economic theory. A critique of pure financial reason: A review of The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street by Justin Fox (and more). The first chapter (and video) of This Time is Different: Eight Centuries of Financial Folly by Carmen Reinhart and Kenneth Rogoff (and more). Shadowy Finance: Schemers didn't lose in the economic crisis, they won all over again — and here's why. Bank Buster: Can DC's top bailout cop Elizabeth Warren beat the finance lobby — and Larry Summers? The Network: Daniel Altman on how a map can prevent the next financial crisis. How the servant became a predator, or finance’s five fatal flaws: William K. Black explains how the finance economy preys on the real economy instead of serving it. The wonks that warned us: The rebel economists who predicted the financial collapse. A look at how Moody's sold its ratings — and sold out investors. What should be done with S & P and Moody’s? (and more by Steve Pearlstein). Heads I win, tails you lose: The Economist on why Wall Street needs a new social contract. From FT, a special section on the future of investing. Bentham's defense of usury: Does the institution of money transform us through becoming the metaphor for all social relations, or is money universal because all is exchange? From Plus, what is financial mathematics?