Economics
Is Capitalism Moral?
In its March / April issue, The American Interest published excerpts from a John Templeton Foundation event in London that asked the question “Does the free market corrode moral character?” to some leading scholars.
Differentiating Dubai’s Debt.
Is the $3.5 billion Nakheel Sukuk a buy?
Unemployment Vs Grad School Chart on NYTimes.
The New York Times Economix Blog asks – Where Ex- and Would-Be Wall Streeters Might Be Headed. There’s a cool chart illustrating the relation correlation between graduate enrollment and unemployment.
Too many bankers?
Esther Duflo, Professor of Economics at MIT asks if the world has too many bankers?. She’s inclined to think so but is reassuringly optimistic about talent finding opportunities in other industries although she is vague on what the relative compensation levels might be. I think finance will evolve, Glenn Hubbard explains why the long-term trends are in the industry’s favor…
Fooled by Randomness [Nassim Nicholas Taleb]
nassim nicholas taleb, the improbable best selling author of the black swan believes that success is illusionary (at times it seems he believes everything is illusionary – it’s all random, all luck!). his main thesis is that luck is often behind what we normally perceive to be success and that humans are hard-wired to under-estimate the role that randomness plays via various biases.
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