Search Results for: housing

Why the Federal Reserve Failed to See the 2008 Financial Crisis: The Role of “Macroeconomics” as a Sensemaking and Cultural Frame

In this very interesting and enlightening paper by Neil Fligstein, Jonah Stuart Brundage & Michael Schultz (University of California, Berkeley), they tackle one of the puzzles about the crisis of 2008: why the regulators were so slow to recognize the … Continue reading

Posted in Papers | Tagged , , , , , , , , , , , | Leave a comment

Who Are the Foreclosed? A portrait of Americans displaced by the mortgage foreclosure crisis

Based on data from the National Suburban Survey from September 2010, Christopher Niedta & Isaac William Martin found that the person who has experienced home mortgage foreclosure since September 2007 resembles the average American but is somewhat likely to be … Continue reading

Posted in Papers | Tagged , , , , , | Leave a comment

Austerity: we are not all in it together

By Michael Kitson, Ron Martin, and Peter Tyler Europe has a Greek tragedy; the US is grappling with a Tea Party; and in the UK we have the economic consequences of austerity.   The focus is budget deficits, public expenditure cuts … Continue reading

Posted in Papers | Tagged , , , , , | Leave a comment

How Markets Fail: The Logic of Economic Calamities

Behind the alarming headlines about job losses, bank bailouts, and corporate greed is a little-known story of bad ideas. For fifty years or more, economists have been busy developing elegant theories of how markets work—how they facilitate innovation, wealth creation, … Continue reading

Posted in Books | Tagged , , | Leave a comment