Whether or not the the #Occupy Wall Street protesters explicitly adopt policy proposals or only generate political energy for the spirit of them, the Krugman/Stiglitz Army is at last on the march.
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Capitalism is the most effective economic system we have yet devised -- and it is also probably the most effective way of channeling greed that we have yet tried.
Ultimately, Sunday faith and Monday faith serve the same God in relative peace and harmony, or, we endure the messy societal results of our own discord.
Suppose we describe the following situation: major US financial institutions have badly overreached. They created and sold new financial instruments w...
"Greed always exists. It rises and falls with the times. But when it's unchecked by government, self-interest rises to a level of greed that overwhelms the economic invisible hand."
Doubts about the federal government's ability -- and willingness -- to reign in excessive executive compensation have persisted since October of last year. Now, the tables have turned.
Following are excerpts from a symposium on the economic crisis presented by The New York Review of Books and PEN World Voices at the Metropolitan Muse...
The shadow banking system is not illegal or clandestine. It is in the open, but it has thrived on the opaqueness of the investment instruments, facilitated by their complexity.
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