March 30th, 2015
in Op Ed
by William K. Black, New Economic Perspectives
This is the third column in what I intended to be my three-part series (see end of this article) about Citi's most famous whistleblower, Richard M. Bowen, III. In this column I discuss Bowen and Citi's senior (but not controlling) officers' presentations before the Financial Crisis Inquiry Commission (FCIC).
by Ajay Shah, ajayshahblog
Editor's note: What part of economics is real and what is fake? What is valuable and what is counterfeit? Haven't we all questioned whether a model used to characterize expected trends in the macro economy can be expected to produce any accurate forecasts? All too often the usefulness of a model is limited by the assumptions of the researcher, sometimes clearly presented and sometimes not (and maybe not even recognized as assumptions by the researcher). Prof. Shah contemplates one aspect of this question as it specifically relates to the economics of India.
by Roger Erickson
If a collection of cells (you) can act entrepreneurially, why can't a collection of 330 million citizens act as a team? They can? How? How often WILL they? And why not all of the time, or at least more often than we have been cooperating recently?