Nicholas A. Paleveda (Northeastern): The Solution to Economic Crisis: The Legal Tender Act of 1862. We need leaders to show much greater imagination in tackling the world's financial crisis — conventional economic remedies won't wash. From Monthly Review, John Bellamy Foster on capitalism and the accumulation of catastrophe; and Richard Peet on contradictions of finance capitalism. David Harvey on the urban roots of financial crises. While few would argue that the financial crisis has not brought the real economy down with it, there is considerably less clarity about what the positive contribution of the financial sector is during normal times. Smithsonian profiles Ferdinand Pecora, the man who busted the "banksters". The Wild West of Finance: In capitalism, failure is as important as success — but market rules don’t apply to the biggest banks. A review of Nicholas Wapshott's Keynes Hayek: The Clash That Defined Modern Economics (and more and more). From NPR, a series on thinkers who have had a lasting influence on economic policymakers: John Maynard Keynes, Friedrich Hayek, and Ayn Rand. From The Objectivist Standard, Ari Armstrong on the justice of income inequality under capitalism. It’s not just about the millionaires: It really stinks, but the only way to fix the economy is to squeeze the middle class. Emanuel Derman on the physics of an economic crisis. Anaemia, exuberance, and vulnerability: Ignacio Munyo and Ernesto Talvi on a post–financial crisis new global economic geography. James Altucher, Wall Street's Keeper of the Pain: In the crash's aftermath, the VC-turned-blogger is a source of wisdom and comfort. Market-beaters beware: In the crackdown on insider trading, the ambiguity of the law is an asset — and anyone who consistently beats the market is a suspect.
