Entries tagged "Beyond Mechanical Markets Asset Price Swings Risk and the Role of the State"

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Kay on Havel, Orwell and the greengrocer

Human behavior is larger than any equation, more elusive than any cliché or slogan. Models, like slogans, may be useful but they are easily abused as the means so easily become ends. Continue reading

Posted on December 21, 2011 1:42 PM

Transactions: Oct. 31, 2011

Sashay past Zuccotti Park and the signs bob up and down like puppets. All Debt Is Evil followed by Where's My Bailout? next to End the Fed. A little confused? And the rest of world's not? Several weeks ago, as... Continue reading

Posted on October 31, 2011 8:00 AM

The Nobel and the debate over the markets

Several econo-bloggers and a columnist have emerged to raise questions about the Thomas Sargent and Christopher Sims choice for the Nobel; in each case they've mentioned 'Beyond Mechanical Markets' by Roman Frydman and Michael Goldberg. Continue reading

Posted on October 20, 2011 11:48 AM

Frydman and Goldberg's 'Beyond Mechanical Markets'

'Beyond Mechanical Markets' takes aim at a dominant macroeconomic impulse that, in popular terms encompasses the rational-expectations hypothesis. Continue reading

Posted on June 6, 2011 3:21 PM

Frydman and Goldberg's 'Beyond Mechanical Markets'

'Beyond Mechanical Markets' takes aim at a dominant macroeconomic impulse that, in popular terms encompasses the rational-expectations hypothesis. Continue reading

Posted on May 24, 2011 9:21 AM

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