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Afternoon Reading 12/23/2008: Mark-to-Market, Keynes, Quants
Paul Kedrosky's Infectious Greed —
Mark-to-Market: Discussion minus the Zealotry (Accrued Interest) Christmas quiz for quants (BBC) Keynes offers us the best way to think about the financial crisis (FT) Bush signs pension funding relief bill(P&I) Pondering Madoff as we enter 2009 (The Big Picture) Searching Bernie Madoff's political contributions (OpenSecrets) Number one sports science story of the year: Limits to human performance (SS) Helpful video on quantitative ...
links for 2008-12-24
Economist's View —
A Healthy Economy - Jacob Hacker
The Ten Days of Newton - Olivia Judson
Keynes offers best way to think about the financial crisis - Martin Wolf
Chaos Theory Simplified: Just Follow the Bouncing Droplet - SciAm
Hair of the Dog - Nick Rowe
Uncertainty and the credit crisis: The worst may be over - voxeu.org
Quantitative easing - Marketplace Whiteboard
Are modern recessions different? - macroblog
Bubble blindness - ...
Keynes and Morality Plays
Economist's View —
...
Keynes offers us the best way to think about the financial crisis, by Martin
Wolf, Commentary, Financial Times: ...Like all prophets, Keynes offered
ambiguous lessons to his followers. ... Now,... in another era of financial
crisis and threatened economic slump, it is easier for us to understand what
remains relevant in his teaching. I see three broad lessons. ... ...
Martin Wolf: Wanted! Economic pragmatists with bold ideas
BloggingStocks —
... Financial Times columnist Martin Wolf argues that the current financial crisis and global recession is best viewed through a Keynesian lens, and it's the lens of a pragmatist. ...
Martin Wolf Puts It Better than Anyone Else I Have Seen
J. Bradford DeLong's Grasping Reality with All Eight Tentacles —
... FT.com / Columnists / Martin Wolf - Keynes offers us the best way to think about the financial crisis: We are all Keynesians now. When Barack Obama takes office he will propose a gigantic fiscal stimulus package. Such packages are being offered by many other governments. Even Germany is being dragged, kicking and screaming, into this race. ...
Now they tell us
European Tribune —
Martin Wolf, writing in the FT , takes some lessons from Keynes on how to think about the current economic crisis: The third and most important lesson is that one should not treat the economy as a morality tale. In the 1930s, two opposing ideological visions were on offer: the Austrian; and the socialist. The Austrians Ludwig von Mises and Friedrich von Hayek argued that a purging of the excesses of the 1920s was required. Socialists argued that socialism needed to replace failed capitalism, outright. These views were grounded in alternative secular ...
$20 trillion - gone
FT Alphaville —
... in Singapore by the Berkeley economist Brad DeLong: In assessing where all this value has gone — and how it might eventually be returned — DeLong takes his audience through a couple of hundred years of history, by way of Peel, Marx, Hoover, Hayek and, er, Martin Wolf, who, like DeLong, is not a particular fan of the Austrian school: The third and most important lesson is that one should not treat the economy as a morality tale. In the 1930s, two opposing ideological visions were on offer: the Austrian; and the socialist. The Austrians – Ludwig von Mises and Friedrich von ...
Russian Debt And The Euro
Euro Watch —
Keynes’s genius – a very English one – was to insist we should approach an economic system not as a morality play but as a technical challenge. Martin Wolf, Financial Times The euro fell again yesterday, by 1.1 percent against the dollar (to $1.2860) and by 1.2 percent against the yen (to 117.52 yen). The change, even if quite large in a short space of time, is hardly dramatic, but what is of more interest is the why. Russian companies announced yesterday that they were thinking of opening negotiations to "restructure" their debt. ...
Russian Debt And The Euro
Global Economy Matters —
by Edward Hugh: Barcelona Keynes’s genius – a very English one – was to insist we should approach an economic system not as a morality play but as a technical challenge. Martin Wolf, Financial Times The euro fell again yesterday, by 1.1 percent against the dollar (to $1.2860) and by 1.2 percent against the yen (to 117.52 yen). The change, even if quite large in a short space of time, is hardly dramatic, but what is of more interest is the why. Russian companies announced yesterday that they were thinking of opening negotiations to ...
