An interesting take on part of the financial crisis
From today’s New York Times, “How the Thundering Herd Faltered and Fell,” by Gretchen Morgenson. It sounds like a classic principal/agent issue of corporate governance: A native of Turkey who…
Economic Insights
Spread the Word
Dear Friends, I urge those with blogs to consider posting the video about the financial crisis that you will find immediately below this post. You can find the embed code…
Prosperity and Violence
During my recent flight from Brussels to DC, I got through a few books, including Prosperity and Violence: The Political Economy of Development (New York: W. W. Norton & Co.,…
No to Bank Nationalization, Partial or Complete
“Why this bailout is as bad as the last one,” by Jeffrey Miron
Guerilla Video Interviews with Two Reformers
Mart Laar, former Prime Minister of Estonia Lado Gurgenidze, Prime Minister of Georgia (Both interviews were made by Dr. Emmanuel Martin, Editor of UnMondeLibre.org, at the European Resource Bank meeting…
Vernon Smith on the Bubble and the Bailout
Nobel Prize winning economist Vernon Smith, rather an expert on the economics of auctions (and many other things) in the Wall Street Journal: “There’s No Easy Way Out of the…
Effects of the “Licensing Raj” in India
From the September American Economic Review, also in an NBER working paper, “The Unequal Effects of Liberalization: Evidence from Dismantling the License Raj in India” As reported on Division of…
Jonathan Macey on the Financial Crisis
“The Government Is Contributing to the Panic: It’s time to let markets do their messy work,” Jonathan Macey, Wall Street Journal, October 11, 2008