Category Archives: Journalism

Naomi Klein, Friedman, Pinochet and the earthquake

Long time after the last post, but I just came across this today and it looked interesting! Looks like the Chicago boys are everywhere (and will not stop bothering us) even after all these years.

Enjoy!

http://www.naomiklein.org/articles/2010/03/chiles-socialist-rebar

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Filed under Journalism, Left

Freedom

What kind of man was Ludwig von Mises? As this unique film shows, Mises (1881-1973) was a man who never stopped fighting for freedom: not when the Nazis burned his books, not when the Left blackballed him at universities, not when it seemed as if statism had won. With courage and genius, he fought big government until the day he died … in 25 books, hundreds of articles, and more than 60 years of teaching.

Mises’s battles against Communists, Nazis, and other socialists, are featured in this film, as are his ideas of Liberty. There is also the old Vienna he loved, the Bolshevik prime minister he dissuaded from Communism, and a cast of villains from Lenin to Hitler, as well as such supporters and students as Murray Rothbard, Ron Paul, Bettina Greaves, M. Stanton Evans, Mary Peterson, Joseph Sobran, and Yuri Maltsev.

Among his many accomplishments, Mises showed that socialism had to fail, that central banking causes recessions and depressions, that the gold standard is honest money, and that only laissez-faire capitalism is fully compatible with Western civilization.

Mises was the twentieth century’s foremost economist, and one of its most important champions of Liberty. Here is a film that does justice to this extraordinary man, and to his equally extraordinary ideas.

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Santanomics: the weird economics of giving

What was the last gift you gave someone? And have you ever thought why you enjoy making gifts? (if you do! I personally really like it; in fact I buy more things for other people than I do for myself).

It’ s not Christmas yet but while searching around I found this interesting article. It’s about gifts from the point of view of an economist and in my opinion it has been quite influenced by Marcel Mauss’ work. Since utility is associated to what people get in general, I would be really interested to find out what economists think about altruism – in fact I am going to make my research right after posting this! In the meanwhile, enjoy:

http://money.uk.msn.com/guides/christmasmoney/article.aspx?cp-documentid=4750416

EDIT: Hmmmmmm…! 🙂 Here’s a nice idea for my final essay! Or maybe even for my thesis (no, I cannot be noted for my objectivity!)

http://eng.anarchopedia.org/index.php/altruistic_economics

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The Formula That Killed Wall Street

 How did those financial criminals crush the economy? Should we arrest them and banish them forever?

A year ago, it was hardly unthinkable that a math wizard like David X. Li might someday earn a Nobel Prize. After all, financial economists—even Wall Street quants—have received the Nobel in economics before, and Li’s work on measuring risk has had more impact, more quickly, than previous Nobel Prize-winning contributions to the field. Today, though, as dazed bankers, politicians, regulators, and investors survey the wreckage of the biggest financial meltdown since the Great Depression, Li is probably thankful he still has a job in finance at all. Not that his achievement should be dismissed. He took a notoriously tough nut—determining correlation, or how seemingly disparate events are related—and cracked it wide open with a simple and elegant mathematical formula, one that would become ubiquitous in finance worldwide.

wp_quant_f

http://www.wired.com/techbiz/it/magazine/17-03/wp_quant?currentPage=all

They reminds me of one italian word-“montimbanco”-in English, montebank.

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Subtext

Economic history often comes in the small print of TV and movie scripts, a passing image, a headline in a fading newspaper. And then it happens that depression, inflation and oil prices becomes the text, explicit and explosive.

It’s up there with the Grapes of Wrath… Let’s all scream:

“I am mad as hell and I am not taking it anymore.”

(Thanks to Funny Bird…)

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