Economic affairs.

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...

I am not an economist or a politician but I still feel confident in pointing out the silliness of my leader's belief that capitalism must discover niceness. Read more...

Unemployment is likely to get quite or very bad. The numbers unemployed may reach 1980s or 1990s levels, or even 1930s levels. Here's a comparative sketch of the miseries ahead. In a new way, they may be worse than ever. Read more...