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Category Archives: Economics
For the market giveth and taketh away…
Brad DeLong: I think that, once one recognizes this fact that both Keynes and Friedman are to the activist left of even the left edge of today’s policy spectrum, one cannot then escape the conclusion that today the entire right wing and a good part of the center is simply not sane. The position …
Fiasco Redux
From Doug Henwood: [Reading Greg Smith’s open resignation letter to Goldman Sachs in today’s New York Times, which described a systematic fleecing of clients as the institutional norm, reminded me of Frank Partnoy’s 1997 book F.I.A.S.C.O. Here’s my review, from LBO #80. If you like it, subscribe today and make sure it keeps coming.] F.I.A.S.C.O. , by Frank Partnoy (New York: W W Norton, 252 pp., $25). It …