Category Archives: Economics
Modeled Behavior highlights the gap between consumption and retail sales.
Stephen Roach has written on macroeconomics from a Wall Street perspective for years as head of the Morgan Stanley economics team. Lately he has focused exclusively on Asia. This book is a result of his in first-hand view the inner … Continue reading
Alan Greenspan’s “The Crisis”. http://www.brookings.edu/~/media/Files/Programs/ES/ BPEA/2010_spring_bpea_papers/spring2010_greenspan.pdf
David Brooks in his Return of History piece reminds us of how economics failed to prevent the recent crisis. Either this gives economists a second chance to really explain how it all works, or we might begin to realize that … Continue reading
In a recent NYTimes blog entry, Paul Krugman brings up the shortcomings of the purely competitive market model for healthcare. These same informational economics issues apply equally well to the banking crisis. While the idealized old fashion banking model relied … Continue reading