Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number accepted.
Measure a country purely in terms of its GDP and you neglect the wellbeing of its people. Yet can that be measured?
- Edwin Sutherland: The 75th Anniversary of His Coining The Term White-Collar Crime (William K. Black, New Economic Perspectives) William K. Black contributes to Global Economic Intersection. Accounting is the weapon of choice for financial sector fraud. From Sutherland:
"White-collar criminality in business is expressed most frequently in the form of misrepresentation in financial statements of corporations....
These varied types of white-collar crimes in business and the professions consist principally of violation of delegated or implied trust, and many of them can be reduced to two categories: misrepresentation of asset values [and breaches of trust, e.g., usurpation of corporate opportunity]."
- Fredericton man builds $300 solar furnace, decreases heating bill (CBC News New Brunswick) Hat tip to Naked Capitalism.
Randy Buchanan made heating unit from pop cans, aluminum eavestrough downspouts, old window.
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