Economic (and financial crisis) links
Critiquing a study of how (pdf) Hitler garnered popular support and paid for Germany’s war.
The Woolworths heirs were a classic case of from riches to rags.
Another review of Gregory Clark’s “bred for prosperity” theory of the industrial revolution takeoff.
Developing an economic model of (pdf) religious commitment among Orthodox Jews. The economics of the Church of Scientology.
Growth of non-profit fact-based journalism in US cities.
Comment on Krugman’s Nobel Prize by a fellow economist who admires his economics but not his commentary so much. (Krugman is regularly the most Democratic-partisan prominent columnist.)
China is under major economic, and thus political, stress. More on China’s economic prospects.
What has been happening in wage growth in recent decades in the US.
Real interest rates on corporate bonds are rising sharply. More. Increased cost of corporate borrowing is not good news.
Historian Niall Ferguson takes us through the rise and fall of Planet Finance. The author of Liars Poker revisits Wall St and traces the meltdown. One of the fundamental problems of regulation is the decision-maker is typically insulated from the consequences of his or her actions: Wall St has shown that financial markets can do that bigger and better (so to speak).
Paper on why (pdf) the Great Depression lasted as long as it did and why things got so much better after WWII. Useful piece on the history of the Great Depression: the index of industrial production of major developed economies shows the US had the worst economic collapse and the second-worst recovery by 1935. A quick primer on lessons. Imaging what a depression would be like in today’s US.
The bailout is getting very big: The U.S. government is prepared to provide more than $7.76 trillion on behalf of American taxpayers after guaranteeing $306 billion of Citigroup Inc. debt yesterday. The pledges, amounting to half the value of everything produced in the nation last year, are intended to rescue the financial system after the credit markets seized up 15 months ago. Being unimpressed by the bailout plan, its constant evolution and what it may lead to: TARP, the Troubled Asset Relief Program, as constituted is an incipient disaster. Treasury Secretary Henry M. Paulson Jr., TARP’s creator, has changed its mission three times in 60 days - and in none of its configurations has it achieved its goal of extending credit to homeowners, consumers or businesses.
The Woolworths heirs were a classic case of from riches to rags.
Another review of Gregory Clark’s “bred for prosperity” theory of the industrial revolution takeoff.
Developing an economic model of (pdf) religious commitment among Orthodox Jews. The economics of the Church of Scientology.
Growth of non-profit fact-based journalism in US cities.
Comment on Krugman’s Nobel Prize by a fellow economist who admires his economics but not his commentary so much. (Krugman is regularly the most Democratic-partisan prominent columnist.)
China is under major economic, and thus political, stress. More on China’s economic prospects.
What has been happening in wage growth in recent decades in the US.
Real interest rates on corporate bonds are rising sharply. More. Increased cost of corporate borrowing is not good news.
Historian Niall Ferguson takes us through the rise and fall of Planet Finance. The author of Liars Poker revisits Wall St and traces the meltdown. One of the fundamental problems of regulation is the decision-maker is typically insulated from the consequences of his or her actions: Wall St has shown that financial markets can do that bigger and better (so to speak).
Paper on why (pdf) the Great Depression lasted as long as it did and why things got so much better after WWII. Useful piece on the history of the Great Depression: the index of industrial production of major developed economies shows the US had the worst economic collapse and the second-worst recovery by 1935. A quick primer on lessons. Imaging what a depression would be like in today’s US.
The bailout is getting very big: The U.S. government is prepared to provide more than $7.76 trillion on behalf of American taxpayers after guaranteeing $306 billion of Citigroup Inc. debt yesterday. The pledges, amounting to half the value of everything produced in the nation last year, are intended to rescue the financial system after the credit markets seized up 15 months ago. Being unimpressed by the bailout plan, its constant evolution and what it may lead to: TARP, the Troubled Asset Relief Program, as constituted is an incipient disaster. Treasury Secretary Henry M. Paulson Jr., TARP’s creator, has changed its mission three times in 60 days - and in none of its configurations has it achieved its goal of extending credit to homeowners, consumers or businesses.