Economic Inequality, an Introduction
Abstract (via Maurizio Franzini and Mario Pianta @UniUrib.it) In this paper we offer an introductory exploration of inequality, considering how political economy has analysed economic inequality. Its...
View ArticleMarket Failures and Regulatory Failures: Lessons from Past and Present...
Abstract (via Viral V. Acharya, Thomas Cooley, Matthew Richardson, and Ingo Walter) The paper analyzes the financial crisis of through the lens of market failures and regulatory failures. We present a...
View ArticleFrom Social Control to Financial Economics: The Linked Ecologies of Business...
Abstract (via HBS) As the main producers of managerial elites, business schools represent strategic research sites for understanding the formation of economic practices and representations. This...
View ArticleAre Multiple Analyst Earnings Forecasts Better Than the Single Forecast?
Abstract (Via Ning Du & McEnro) This study investigates the impact of multiple information sources. Specifically, we examine whether single and multiple earnings forecasts may differentially...
View ArticleMichael Mauboussin: The Coffee Can Approach: Why Doing Less Can Leave You...
Excerpts (via Michael Mauboussin @ Legg Mason) Investors often make changes to their portfolios—with the best of intentions—that do not add value. These mistakes include reallocation of a portfolio...
View ArticleInterview With Warren Buffett: The U.S. is moving toward plutocracy
Important Excerpt (via The marker) Jeffrey Sachs from Harvard was saying that the United States is turning into a plutocracy. And this is a feeling you get throughout the world, that the politicians...
View ArticleUnderstanding A Minsky Crisis
Introduction (via L. Randall Wray @ Bard) Stability is destabilizing. These three words concisely capture the insight that underlies Hyman Minsky’s analysis of the economy’s transformation over the...
View ArticleMinsky’s Money Manager Capitalism and the Global Financial Crisis
Introduction (via Professor Wray) The world’s worst economic crisis since the 1930s is now well into its third year. All sorts of explanations have been proffered for the causes of the crisis, from lax...
View ArticleIs the world becoming short-sighted? A Bank of England Speech
Excerpt (via Infectious Greed) Is the world becoming short-sighted? As individuals, it sometimes feels that way. Information is streamed in ever greater volumes and at ever rising velocities....
View ArticleVideo:Economist Vernon Smith on the Housing Bubble, Adam Smith, and...
H/T Sociological Imagination Background (via YouTube) Vernon Smith is a pioneer, discovering a whole new way to study economics and winning a Nobel Prize for doing so. Smith sat down with Reason.tv’s...
View ArticleTrying to find a Young Bill Ackman -The Origami Challenge – A Private Equity...
The other day I was thinking about a Bill Ackman presentation given at the Invest for Kids Conference in 2009-2010. He mentioned creating a REIT for single family homes. I don’t think Single Family...
View ArticleHow Do Corporations Play Politics? The Fedex Story
Here is a case study by Jill Fisch on how Fedex has played corporate politics (over a span of 40 years). I find a lot of the material in the study to be relevant to securities analysts, journalists,...
View ArticleCredit Markets: What’s Next?
This a pretty interesting panel (moderated by Michael Milken) on the current state of credit markets. Watch the Video: Credit Markets What’s Next H/T Champ for sending this our way. Related posts: When...
View ArticleHow to rob a bank from within
Former bank regulator, William Black, gives a Tedx Talk detailing fraudulent banking practices prior to the financial crisis. I think the most important part of the talk is between minutes 11:00 –...
View ArticleLessons From Cable Cowboy John Malone
Many investors regard John Malone as having one of the best track records of capital allocation in the 20th century. Below are my curated excerpts from the book, “Cable Cowboy: John Malone And The Rise...
View ArticleDo Investment Managers Outperform by Hiring Lobbyists?
Interesting paper on the use of political information and investment performance. Abstract by Meng Gao Jiekun Huang This paper examines the hypothesis that hedge fund managers gain an informational...
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