Carried away by ever-rising real estate prices and aided and abetted by new types of financial instruments, the financial system’s overindulgence in risk has left taxpayers with a nasty hangover, a hefty tab, and a desire to make someone pay. Commentators have blamed the financial meltdown on the attitude towards risk generated by banks’ corporate … Read more
Although movies dealing with themes of economics and high finance are common, it is rare to see films with economists cast in starring roles. This past week I managed to see two. In Freakonomics: The Movie, the economist is portrayed as hero. Based on the book of the same name by economist Steven Levitt and … Read more
I have been writing about banking and financial issues in the academic and popular media for some time. Although I will continue to publish pieces in these venues, some writings lend themselves better to the blog format. Stay tuned!