archive

The road to prosperity

Robert Brenner (UCLA): What is Good for Goldman Sachs is Good for America: The Origins of the Current Crisis (and more). From The Economist, of debt and deadbeats: A new culture war is brewing over capitalism; and disenchantment with work is growing — what can be done about it? More on Matthew Crawford's Shop Class as Soulcraft. An excerpt from This Time is Different: Eight Centuries of Financial Folly by Carmen Reinhart and Kenneth Rogoff. A review of No Way to Run an Economy: Why the System Failed and How to Put it Right by Graham Turner. Priced to Go: James Surowiecki on Amazon vs. Wal-Mart. From Economic Principals, was Henry George right after all? (A shaggy dog story). Would a new bill bringing back Glass-Steagall prevent another banking meltdown? Edmund Phelps on the road to prosperity and sound markets. A review of Billions of Drops in Millions of Buckets: Why Philanthropy Doesn't Advance Social Progress by Steven Goldberg. Want to keep companies honest, make the markets work more efficiently and encourage investors to diversify? Let insiders buy and sell. A review of Boom Town: How Wal-Mart Transformed an All-American Town Into an International Community by Marjorie Rosen. Hate Wall Street, Love Wall Street: Explaining America’s schizoid relationship with financial institutions. Free market protectionism: Ha-Joon Chang on the limits of capitalism. The guiding myth underpinning the reconstruction of our dangerous banking system is: Financial innovation as we know it is valuable and must be preserved — single-handedly, Paul Volcker has exploded this myth.