Frank Rick (again): The other plot
Ok, I am on a Frank Rich binge, but he does have one thought provoking article after another. In his column recently he wrote about The Other Plot to Wreck America:
I just just finished reading the rare business/economics book (I usually skip them) called How Markets Fail. A highly readable and comprehensive review of economic theory as it evolved from Adam Smith to the present day. From the linked review in the Economist:
I suspect Mr. Cassidy would agree with Mr. Rich, above, and vice versa.
"If they all skate away yet again by deflecting blame or mouthing pro forma mea culpas, it will be a sign that this inquiry, like so many other promises of reform since 9/15, is likely to leave Wall Street’s status quo largely intact. That’s the ticking-bomb scenario that truly imperils us all." (from "The Other Plot to Wreck America")
I just just finished reading the rare business/economics book (I usually skip them) called How Markets Fail. A highly readable and comprehensive review of economic theory as it evolved from Adam Smith to the present day. From the linked review in the Economist:
"For Mr Cassidy, the deeper roots of the crisis lie in the enduring appeal of an idea: that society is always best served when individuals are left to pursue their self-interest in free markets. He calls this “Utopian economics”. (from The Economist)
I suspect Mr. Cassidy would agree with Mr. Rich, above, and vice versa.