Complexity
Progress at Bretton Woods
I returned late last night from the second Institute for New Economic Thinking (INET) Conference which took place at Bretton Woods. This was the site of the historic Bretton Woods Agreement signed in 1944, establishing the IMF and the World Bank, and creating the global world financial order following WW II. The Soros-backed INET was established to convene the world’s leading economists in order to rethink the discipline in light of the recent financial collapse, and provide an alternate career pathway for economists interested in doing unconventional research. A visit to INET’s website will not disappoint.
Progress at Bretton Woods
Submitted by John Fullerton on Mon, 04/11/2011 - 10:15am
Author:
John Fullerton
I returned late last night from the second Institute for New Economic Thinking (INET) Conference which took place at Bretton Woods. This was the site of the historic Bretton Woods Agreement signed in 1944, establishing the IMF and the World Bank, and creating the global world financial order following WW II. The Soros-backed INET was established to convene the world’s leading economists in order to rethink the discipline in light of the recent financial collapse, and provide an alternate career pathway for economists interested in doing unconventional research. A visit to INET’s website will not disappoint.
Un-blissful Ignorance of "This Wild Balloon"
After my Thanksgiving turkey, I digested two recent commentaries on the financial industry, “Inside Job,” the mostly fair but incomplete documentary narrated by Matt Damon, and the balanced and accurate New Yorker essay, “What Good is Wall Street,” by John Cassidy.
Un-blissful Ignorance of "This Wild Balloon"
Submitted by John Fullerton on Sun, 11/28/2010 - 11:20pm
Author:
John Fullerton After my Thanksgiving turkey, I digested two recent commentaries on the financial industry, “Inside Job,” the mostly fair but incomplete documentary narrated by Matt Damon, and the balanced and accurate New Yorker essay, “What Good is Wall Street,” by John Cassidy.
Toward a Finance Ethic
An ethic, ecologically, is a limitation on freedom of action in the struggle for existence. An ethic, philosophically, is a differentiation of social from antisocial conduct. These are two definitions of one thing. The thing has its origin in the tendency of interdependent individuals or groups to evolve modes of cooperation.
The ecologist calls these symbioses. Politics and economics are advanced symbioses in which the original free-for-all competition has been replaced, in part, by cooperative mechanisms with an ethical content.
The complexity of cooperative mechanisms has increased with population density, and with the efficiency of tools...
Toward a Finance Ethic
Submitted by John Fullerton on Mon, 08/16/2010 - 10:56am
Author:
John Fullerton
An ethic, ecologically, is a limitation on freedom of action in the struggle for existence. An ethic, philosophically, is a differentiation of social from antisocial conduct. These are two definitions of one thing. The thing has its origin in the tendency of interdependent individuals or groups to evolve modes of cooperation.
The ecologist calls these symbioses. Politics and economics are advanced symbioses in which the original free-for-all competition has been replaced, in part, by cooperative mechanisms with an ethical content.
The complexity of cooperative mechanisms has increased with population density, and with the efficiency of tools...
