archive

A measure of wellbeing

Mark Hannam (London): The Morality of Money Lending. From The Atlantic Monthly, what’s inside America’s banks? A close investigation of the enormous risks that banks may still be hiding — and a blueprint for how to avert another crisis. Matt Taibbi on Secret and Lies of the Bailout: The federal rescue of Wall Street didn’t fix the economy — it created a permanent bailout state based on a Ponzi-like confidence scheme, and the worst may be yet to come. Shaun Randol interviews Jason Kelly, author of The New Tycoons: Inside the Trillion Dollar Private Equity Industry That Owns Everything. How much is enough to make a banker happy? Greg Smith's tale of exile from Wall Street shows that even the rich can feel inadequate compared to the super-rich. Mary Mellor reviews How Much Is Enough? Money and the Good Life by Robert Skidelsky and Edward Skidelsky (and more). Beyond GDP: John Norris on how our fixation with growth blinds us to broader measures of a society's health — or lack thereof. Hooray for GDP: Nicholas Oulton on GDP as a measure of wellbeing. Peter Cove on what he learned in the poverty war: Work, not welfare, uplifts the poor.