Prakash Loungani profiles Joseph Stiglitz
The Nobelist identifies Key mistakes that ed to the Crisis.
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"It is ideas, not vested interests, which are dangerous for good or evil."
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"I now know it is a rising, not a setting, sun" --Benjamin Franklin
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2009
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December
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- Bernanke Answers Economist's Questions
- Disruptive forces within Goldman
- People Respond to Incentives
- Greg Mankiw on Keynesian Medicine
- HBR Article: What Makes a Leader?
- Cause and Defect
- What if Lehman had not failed, would the crisis ha...
- Green with Envy: Tension between free trade and ca...
- Default Times
- Forex Markets: Efficient or Not
- How Long Would Toyota's Reign Last?
- A Look Inside Buffett's Battery Bet
- "The People’s Professor"
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December
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About Me
- Prateek Ancha
- I am a Neo-Classical Economist.Deeply interested in finding plausible reasons for interpreting economic events.I believe in the supremacy of markets.
"Because we live in a largely free society, we tend to forget how limited is the span of time and the part of the globe for which there has ever been anything like political freedom: the typical state of mankind is tyranny, servitude, and misery. The nineteenth century and early twentieth century in the Western world stand out as striking exceptions to the general trend of historical development. Political freedom in this instance clearly came along with the free market and the development of capitalist institutions. So also did political freedom in the golden age of Greece and in the early days of the Roman era.I want people to take thought about their condition and to recognize that the maintenance of a free society is a very difficult and complicated thing and it requires a self-denying ordinance of the most extreme kind. It requires a willingness to put up with temporary evils on the basis of the subtle and sophisticated understanding that if you step in to do something about them you not only may make them worse, you will spread your tentacles and get bad results elsewhere." Milton Friedman
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