New column: What's a banker worth? - Paul R. Krugman, Stocks

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Paul R. Krugman

curiouscapitalist.blogs.time.com - 27 days ago

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My new column is online and in issue of TIME with the scary-looking banker on the cover . It's part of a "Why Main Street Hates Wall Street" package that includes Allan Sloan's take on " What's Still Wrong With Wall Street " and Steve Gandel's " Meet Ken Feinberg ." My contribution is mainly a ...

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Abnormal Returns: Friday links: slow capital

The Baseline Scenario: Paper of the Year

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reading from @time: http://bit.ly/HEMQp 25 days ago

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Friday links: slow capital
Abnormal Returns — ... The gates are open again at the Citadel Group. (WSJ, Dealbreaker) Why China’s stock market is so volatile. (Deal Journal also The Money Game) Has the IPO window shut already? (Zero Hedge) What’s a banker worth? Less. (Time also Curious Capitalist) Floyd Norris, “Why are financial industry paychecks ...

Paper of the Year
The Baseline Scenario — ... ones at Goldman and JPMorgan, returns to pre-crisis heights, a paper by Thomas Philippon and Ariell Reshef is becoming everyone’s favorite citation. The paper, “Wages and Human Capital in the U.S. Financial Industry: 1909-2006,” got a first wave of attention from Paul Krugman, Martin Wolf, and Gillian Tett back in April (see Philippon’s web page for links). It’s also the subject of Justin Fox’s column in Time; see Fox’s blog for links to other discussions. (I also cited the paper in my ...