Search
The history of economics, like economic history, often gets short shrift in the war of sound bytes and ideologies of latter-day politics Continue reading
Despite the blather, Glass-Steagall's origins are not as clear as you would think; its record is more ambiguous than the myth claims, and its lessons are more complex. Continue reading
The op-ed in the NYT is coherent; it's just not compelling. Harrison doesn't lay out substantive arguments, offer evidence or wrestle with the most serious charges against the big banks; he dismisses them as if they were some simplistic whining of a bunch of cranks. Continue reading
John Kay has just released a 'Review' of the U.K. equity markets and long-term decision-making, which anyone wanting to learn about how finance really works in our benighted age should read even if they reject his recommendations. Continue reading
