Gone for broke
The Lords of Easy Money: How the Federal Reserve Broke the American Economy by Christopher Leonard. Review by Guy Dauncey Every healthy economy has a financial immune system to protect …
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The Alchemy of value
An excerpt from Serious Money: walking plutocratic London by Caroline Knowles Quant seems apprehensive as he arrives at the trendy east London Shoreditch bar, Looking Glass, where I am waiting, …
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The Klarna Conundrum
Whether you use Klarna all the time or have barely heard of it, it’s time to start paying attention: the buy-now-pay-later app has just become the biggest private fintech company …
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Money for nothing and other Newtonian repercussions
Georgian lessons on the modern economy by Simon Sherratt. In March 1819, William Cobbett – an inveterate critic of the British government – penned a remarkable letter for inclusion in …
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A cross-field punt
A novelist and a mathematician have combined forces to produce a fictional account of the Lehman Brothers’ crash that injects life into soulless corners of financial teaching reading lists. Review …
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Banking off road
Don’t consult the map while making a handbrake turn. What an unreality of a year so far. Society has done a handbrake turn and we are hurtling in an unmapped …
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Sabotage and Covid-19
Financial malpractice, we’re told, is an aberration: the actions of a few bad apples deviating from the norms of a market-governed process and gaming the system. Anastasia Nesvetailova and Ronen …
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Mutual Understanding
Tony Greenham left the world of thinktanks and discussion on new economics in 2018 to get his hands dirty in doing it for real. He is now leading a project …
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What a Public Bank Can Do for Real People
North Dakota has the only state-owned bank in the nation. Advocates say it’s a model for getting state tax money invested in communities. All of North Dakota’s state tax and …
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Taking the Floor: Models, Morals, and Management in a Wall Street Trading Room by Daniel Beunza
From Publisher: Debates about financial reform have led to the recognition that a healthy financial system doesn’t depend solely on how it is structured—organizational culture matters as well. Based on …
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