Robert Skidelsky— Macroeconomics is about money and government, and their relationship. The unsettled questions in macroeconomic policy stem from disputes about the part money plays in economic life, and the part government should play. For 250 years, the dominant view of the economic profession has been that money is of
Tamim Bayoumi— US financial reformers faced a fundamentally different issue from those in Europe. Banks in Europe were under a flawed single system. The issues in the United States, on the other hand, centered on the dual nature of the pre-crisis banking system that contained a relatively tightly regulated core and
Read an excerpt from Wall Street Last month Strike Debt, an offshoot group of Occupy Wall Street, began buying strangers’ debt in order to make it disappear. Another manifestation called Occupy Sandy swooped in during the aftermath of Hurricane Sandy to assist gathering and delivering supplies, filming a documentary in the
Last night’s debate was yet another reminder that the current economic crisis continues to weigh heavily on the American mind. And, as questions about the economy keep Obama and McCain on their toes, Yale University Press author Steve Fraser has been busy commenting on the crisis both in print and
Episode 14 of the Yale Press Podcast is now available. Download Episode 14 In Episode 14, Chris Gondek speaks with (1) Steve Fraser, about how Americans have perceived Wall Street and its more well known investors throughout its history, and with (2) Jay Parini, about the importance of poetry for
“If anyone still harbors the fantasy that the business scandals of the past few years were the handiwork of just a few bad apples, they should read John C. Bogle’s Battle for the Soul of Capitalism,” writes Jeff Madrick in Sunday’s New York Times Book Review. Madrick’s review comes out