The Radford Free Press – Page 486 – All life is problem solving.

Economics / B. of A., banking, Citibank, Goldman Sachs, Hyman Minsky, regulation /

Unstable Banking

June 24, 2009

What to do about the banks? Those of you who have read my comments on health care know that I believe any proper regulation of a system -heath care or banking – requires a set of incentives designed to induce the desired behavior. This is the way in which we can align behavior with socially […]

Economics / GDP, recession, recovery, stimulus, unemployment /

Green Shoots Watch: Patience Please

June 23, 2009

There aren’t any. The problem I have with the economic news at the moment is that everyone seems to be in a hurry to get the recession over with, presumably so that we can all get on with something new. After all this economic stuff is getting boring and detracts from really important things like […]

Economics / bank capital, banking, regulation, risk management, roles, routines, systemic risk /

It’s All About Risk

June 22, 2009

I like to break economic systems, like business firms, down into sets of roles and routines. For all the gory details of this you’ll have to wait for my book on the somewhat grandiose topic of the theory of the firm, but for now I want to take a stab at bank reform through that […]

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