Monthly Archives: December 2015

Trickle-down fairy tales

~ Let us distinguish between trails of truth and fairy tales ~ Happy New Year and warm wishes! Oleg Komlik  — “Johnny, you’re not getting gifts this time, I’m giving them to that banker’s kid, so they’ll trickle down to … Continue reading

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Baudrillard on money, speculation and the self-destabilization of markets

Jean Baudrillard: “There is something much more shattering than inflation, however, and that is the mass of floating money whirling about the Earth in an orbital rondo. Money is now the only genuine artificial satellite. A pure artifact, it enjoys … Continue reading

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BITS & BRIEFS: From shells to Bitcoin // Tales on ‘sharing’ tech industry // Wealthy love the crisis // Universities for the public

From shells and coins to apps and Bitcoin. Underneath, money is always a token of our social relations – by Prof. Bill Maurer Tech industry, for all its talk of ‘sharing’ & ‘democratizing’, is addicted to business models of short-term returns – by Professor Nathan Schneider and … Continue reading

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Accounting truth

AIG Vice Chairman Jacob Frenkel: “The left side of the balance sheet has nothing right and the right side of the balance sheet has nothing left. But they are equal to each other. So accounting-wise we are fine” (2008) *** … Continue reading

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Unethical behavior of economists

Ethical conduct in research is not just a matter of institutional rules but a core foundation of the moral and professional principles by which any scholar must be guided. Do academic economists, whose works still constantly influence legislations and policy making, follow this basic standard? Let’s … Continue reading

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BITS & BRIEFS: Loans cost the poor billions // Feminist economics // Schools & perception of inequality // Secretive world of offshore

Payday loans cost the poor Billions; Low-income customers shouldn’t be “too small to help” – by Professor Frederick Wherry  The thinking behind feminist economics; for example – GDP measures: wage labour is in but unpaid work at home is not.  Schools shape how … Continue reading

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