Economic affairs.

I am not an economist. Until early 2014, I took a fairly close interest in economic debates, and tended toward the free-market point of view, though with a healthy respect for canny government intervention, both as polities tried to produce stable growth, and as they considered redistribution of wealth. I also very closely followed the "Happiness Debate", in which I argued that market choice and material affluence were large social, pyschological and even spiritual benefits.

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Shareholders will save the banks

Is it time to blame shareholders for the credit crunch? I've tried thinking through blaming nearly everyone else and was surprised to see that for some reason I'd left the firms' owners off the list. That's weird, since I normally assume that shareholders are the ultimate arbiters of a firm's values. Read more...


07 February 2009
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