Houman Shadab’s working paper on credit default swaps is now available. In a previous blog post, I quoted from a draft version. I haven’t yet read this latest version, but my guess is that it is even better.
Mar 26 2009
From John Mackey, the CEO of Whole Foods, in an essay in Be the Solution, p. 79: the classical economists became enchanted with the efficiency and the productivity of the industrial enterprises that they studied. Industrial and machine metaphors became the primary metaphors used to explain how the world really worked...
Mar 26 2009
Last night I gave my talk at a meeting on financial regulation. The meeting was organized by David Evans. I gather that his goal is to put together a group of practitioners in the field of finance and regulation to influence public policy in the wake of the crisis. If I had been in his position, I am not sure I woul...
Mar 25 2009
Houman Shadab's working paper on credit default swaps is now available. In a previous blog post, I quoted from a draft version. I haven't yet read this latest version, but my guess is that it is even better.
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