Tags: adam smith
Why David Brooks Doesn't Get the Outrage Over AIG
Despite the fact that the AIG bonuses represent only a fraction of the crisis there's more to economics than number crunching.
The Law-less Legacy of Global Capital
John Law was a murderer, a gambler, and an economic advisor to kings. What does his story, and the tale of the first great market panic, have to tell us about today's financial crisis?