Benjamin Powell (Suffolk) and Matt Zwolinski (USD): The Ethical and Economic Case Against Sweatshop Labor: A Critical Assessment. Andrew W. Lo (MIT): Reading About the Financial Crisis: A 21-Book Review. In a book devoted to economic anxieties in France, two economists well known in the blogosphere try to make their field accessible while conveying its complexity. Capitalism in historical perspective: It is not capitalism that has come to an end but a mode of politics that seeks to guarantee market stability, argues economic historian Werner Plumpe. A review of Bourgeois Dignity: Why Economics Can’t Explain the Modern World by Deirdre N. McCloskey. The invisible hand meets the invisible gorilla: Diane Coyle on the economics and psychology of scarce attention. IMF chief economist Oliver Blanchard draws the lessons from 2011’s economic and policy developments. Kenneth Rogoff on rethinking the growth imperative. If you are a banker what you want is risky, high interest rate loans without the risk; sooner or later it follows that what the bankers need to do above all else is to elevate financial contracts above democracy.
