Recession and depression ? What is a leverage by depth ? For or against bail-outs for failing banks ?
Robert M. Solow has just written a thoughtful article in the New York Review of Books.
– RS’s Nobel Prize page | AS’s Nobel Prize page.
– Samuel Brittan’s recent excellent FT article on capitalism, which is not the same as market nor finance.
–@ecOL : Manifold hands of Adam Smith, a historical perspective courtesy of Amartya Sen | La crise bancaire pour les nuls | Financial hurricane (extensive press review, at least selection).