Plutocracy, Paralysis, Perplexity - NYTimes.com
22 days ago
No, the real structural problem is in our political system, which has been warped and paralyzed by the power of a small, wealthy minority. And the key to economic recovery lies in finding a way to get past that minority’s malign influence.
partrisan_politics
inequality
paul_krugman
from delicious
22 days ago
We need a fox to see the snares and a lion to scare the wolves - FT.com
november 2011
Effective governance requires the multiplicity of talents found only in teams. Teams should not be confused with committees – groups make better decisions when the members are dissimilar than when they have a common background.
The rise of democracy and the rule of law undermined the majesty of the king but there has been a recent revival: not only in politics, but particularly in business, where the cult of the heroic chief executives has gained wide acceptance especially among chief executives.
But the abilities of such figures typically fall far short of those required to exercise all the functions relevant to good decisions. Worse, maintaining that self confidence requires that you surround yourself, not by trusted advisers with a variety of technical skills, but by courtiers who will defer to your exceptional wisdom. You thus shut yourself off from the range of analysis and information which effective decision making requires.
John_Kay
berlusconi
from delicious
The rise of democracy and the rule of law undermined the majesty of the king but there has been a recent revival: not only in politics, but particularly in business, where the cult of the heroic chief executives has gained wide acceptance especially among chief executives.
But the abilities of such figures typically fall far short of those required to exercise all the functions relevant to good decisions. Worse, maintaining that self confidence requires that you surround yourself, not by trusted advisers with a variety of technical skills, but by courtiers who will defer to your exceptional wisdom. You thus shut yourself off from the range of analysis and information which effective decision making requires.
november 2011
academic_economics
Adam_Smith
Alan_Blinder
alan_krueger
alberta
Amartya_Sen
analogy
andrew_jackson
Andrew_Oswald
angus_deaton
anti-textbook
arbitrage
arithmetic
asian_crisis
asset_bubbles
Australian_treasury
auto_industry
bad_loans_problem
balance_sheet
Bank_of_Canada
Bank_of_England
Bank_of_Japan
bankers'_pay
banking_vs_finance
banks
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BBC
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blanchard
bob_hebert
bob_zoellick
bond_rating_agencies
books
Brad_Delong
bubble
budget_restraint
burke
calibration
canada
canadian_economy
Canadian_housing
cap-and-trade
capital_controls
capitalism
carbon_tax
cbc
central_bank_independence
central_banking
chained_CPI
Chicago_school
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Christina_Romer
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CNBC
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common_shares
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consumer_financial_protection_agency
copyright
corporate_tax_cuts
cost-benefit_principle
CPI
credit_cards
current_account_balance
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daniel_coyle
David_Broder
David_brooks
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David_Pilling
david_pogue
dean_baker
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debt_downgrade
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dollar_depreciation
Dudley
ECB
econometrics
economic_arithmetic
economic_growth
economic_models
Economist
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equalization
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estate_tax
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eurozone
exchange_rate
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exercise
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hayek
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Irish_economy
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kevin_page
Krugman
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large_numbers
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liaoning
Linda_McQuaig
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looting
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mmt
Modern_monetary_theory
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mortgages
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Paul
Paul_Kedrosky
paul_krugman
Paul_Krugman_ISLM
People's_Bank_of_China
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personal_productivity
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pharmaceutical_drugs
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Powerpoint
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productivity
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quotation
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rating_agencies
rationality
recipes
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reserve_currency
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richard_thaler
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Robert_Reich
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Robin_Wells
saving_glut
seedy_howe
Sendai_earthquake
SImon_Johnson
simple_proposal
social_democracy
social_democratization
social_security
state_of_economics
statistics
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stephen_gordon
Stephen_Harper
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Takeo_Hoshi
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yuan_appreciation
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ZIRP
zvi_bodie