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You'll notice that nearly every story about the European crisis ends on a question. Until that stops, the crisis will continue. Continue reading
In Tuesday's New York Times, Joe Nocera follows up on some recent commentary from former Bank of America Merrill Lynch executive Sallie Krawcheck about the dangers of financial complexity. Continue reading
Notions of time in economics are as slippery and as faith-based as campaign commercials. One relevant duration in economic theory seems to be the time required to attain equilibrium. Stand back and let markets clear, my friends, and all will... Continue reading
The fallacy of both attackers and defenders of private equity is the belief that we somehow live in static times. Continue reading
Two NYT columns offered some pushback to Democratic talking points. Andrew Ross Sorkin took aim at the deep belief that the repeal of Glass-Steagall was somehow key to the financial crisis. And David Brooks offered a different interpretation of the historical facts that led to the rise of the LBO as a staple of American capitalism. Continue reading
Christensen's new book attempts to tell readers how to be happy and satisfied with their lives. But how do his own management ideas translate into living? Continue reading
It may well be the wisest thing we can do from a public policy and a regulatory standpoint to wring out the star power from banking. But if we do that, how can we talk so impressively about the need for shareholder democracy? Continue reading
The columns, blogs, tweets and sober cud-chewing over the J.P. Morgan Chase & Co. trading debacle continues. What have we learned? Continue reading
Jonathan Schlefer in 'The Assumptions Economists Make' has seemingly set himself the task of closely examining and thinking about the models that lurk at the heart of the various schools of economics. Continue reading
The stock market is a detector. But it detects what its participants, in all their jostling and competitive diversity, want or need. Continue reading
Let's start with the news. This was the week Occupy Wall Street was supposed to shuck its winter coat and restart the global revolution. Continue reading
What are the politics of corporate governance? This has always baffled me. The notion of shareholders as ultimate owners of corporations only fully emerges in that decade of beginnings, the '70s. On one hand, it borrows from one of the... Continue reading
These technical arguments tend to pass over the heads of most voters, who frankly don't know or care what the Fed does. This wouldn't matter so much except that economics is viewed as not only important, but determinative. Continue reading
