Failing to Prosecute White Collar Crime Guarantees a Weak and Unstable Economy … and Future Financial Crashes The Departments of Justice and Treasury are pretending that criminally prosecuting criminal banksters will destabilize the economy. The exac… more »

We have to rebuild the foundations of economics. There are things an economist can do, and there are things he cannot. It must be made clear which is which, so that there is a line between economists of a complex system and economists of a simple world. Maybe Robert Shiller has a point and we should reintroduce the phrase worldly philosophers (formerly known as economists). more »

Smith intended the Wealth of Nations to be read not as a contribution to but as a transformation of the discourse of Political Oeconomy. And it was--to an extent he could hardly have imagined. more »

by John Lounsbury Global Economic Intersection authors have provided analysis of housing market data as it has unfolded (see Related Articles, end of this post) and there is some additional expert analysis and opinion by others that will be mentioned. more »