The Other School of Economics

Archive for February, 2010

Introducing economist André Orléan and his work on the efficient market hypothesis

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February 9, 2010 5

The efficient market hypothesis disproved.
Financial Markets are not Supply-Demand Compliant
We’ve all heard about the basic rule driving the economy: the law of supply and demand. After a simplistic presentation on how it applies to the real economy, we will see that it actually does not work on financial markets. We will then find out what [...]

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Keeping the bastards honest in Haiti (as the profitable smell of blood is whetting contractors appetite)

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February 2, 2010 0

Why it is important to keep the bastards honest in Haiti as aid money is pouring in, heartbreaking images dominate the international news, and the profitable smell of blood is whetting contractors appetite.
Naomi Klein articulated in great details the systemic issues faced by countries in the aftermaths of disasters.
In The Shock Doctrine, she explained “how [...]

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PBS Encore #3 – The Warning

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February 1, 2010 2

Here is the 3rd of the PBS documentaries from Veteran FRONTLINE producer Michael Kirk, who has provided a narrative of what happened around the Global Financial Crisis:
- Episode #3 The Warning {link}: the story is articulated around the fight between ultra-orthodox free-marketer Alan Greenspan and the Wall-Street establishment on one side, and Brooksley Born, [...]

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PBS Encore #2 – Breaking the Bank

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February 1, 2010 3

This is the 2nd documentary of the 3-part series from Veteran FRONTLINE producer Michael Kirk regarding the GFC.
The trilogy starts to shape the narrative of what happened around the Global Financial Crisis:
- Episode #2 Breaking the Bank {link}: the merger Bank of America and Merrill Lynch. How the merger of Bank of America (the [...]

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PBS Encore #1 – Inside the Meltdown

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February 1, 2010 3

Last year, PBS aired 3 documentaries from Veteran FRONTLINE producer Michael Kirk.
This trilogy starts to shape the narrative of what happened around the Global Financial Crisis:
- Episode #1 Inside the Meltdown {link}: a detailed account of the events between June 1007 and Oct 2008. Focused on Bear Stearns, Fannie & Freddie takeover, Lehman’s bankruptcy, [...]

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    • Just Who Is Playing Politics With Treasury? May 24, 2013
      Joe Hockey thinks Treasury's budget figures are 'Wayne Swan’s numbers'. Attacks on public servants are not new but this recent talk about a politicised Treasury is nonsense, writes Ben Eltham […]
    • The Asian Century Is Built On Broadband May 24, 2013
      In Asia, high-speed fibre broadband is seen as an enabler, not an expensive drain on the public purse. Gabrielle Jackson compares the top networks in the region […]
    • How Whitlam Managed The Miners May 24, 2013
      When it comes to resources policy, critics love to liken Gillard's approach to Whitlam's. It's politically effective – but it's wrong, writes Sarah Burnside […]
    • The Fragrant Goodness Of St Kevin May 24, 2013
      Kevin Rudd has shown us his true colours, and those colours are a beautiful rainbow. Ben Pobjie gets real about the courage of St Kev […]
    • Can You Trust The Facts? May 24, 2013
      When did the pre-occupation with fact checking arise? When audiences stopped trusting mainstream media. Even expert-sanctioned truths need some scrutiny, writes Jeff Sparrow […]
    • 'A State Of Perpetual War' May 24, 2013
      Journalist Jeremy Scahill has spent his life exposing the dark recesses of US foreign policy. He talks independent media, drones and terror in this exclusive interview with Antony Loewenstein […]
    • Investment, Sarawak Style May 24, 2013
      Serious corruption allegations against Sarawak leaders, including Chief Minister Abdul Taib Mahmud, haven't slowed industrialisation in the Malaysian state, writes Jenny Denton […]
    • Victims Of Crime At Risk Again May 24, 2013
      Under a bill before the NSW Parliament, victims of violent crime will lose rights and support. More people have contacted MP Alex Greenwich with concerns about this bill than any other […]

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    • Rhythms of Construction May 24, 2013
      Almost twenty years ago, Christian de Portzamparc was the first French architect to receive the Pritzker Prize. Today his Atelier, located in Paris, is more dynamic than ever, with ambitious projects like the Cidade das Artes in Rio, or the participation in the Grand Paris project. The following interview shows an architect urbanist whose work is geared towa […]
    • Zomia, Land Without State May 24, 2013
      For two thousand years, according to James Scott, the mountains of Zomia were a place of refuge for the people of Southeast Asia. For the author, this region, as a centre of resistance to the state, holds up a mirror to our destructive and self-confident civilisation. A fascinating and intriguing anarchist history. - Reviews / anarchisme, résistance, democra […]
    • A World Out of Key May 24, 2013
      Although today's world is more interdependent than ever, it is still a jigsaw puzzle of sovereign states. One consequence of globalization is that we have to update our own mental maps, and to understand other people's. In this interview, the diplomat and geographer Michel Foucher explains the world's new geography. - Reviews / géographie, int […]
    • The Multiple Meanings of Revolution May 24, 2013
      Though the age of historic upheavals and major political crises seemed to be over, the word “revolution” has made a recent comeback in Georgia, in the Ukraine and in the “Arab Springs” of 2011. Should we revise the concept of revolution? What, if anything, do these contemporary revolutions have in common? Can they be compared to the great revolutions of the […]
    • From Bombay to Mumbai May 24, 2013
      Gyan Prakash's most recent book takes us on a journey through Bombay's history, focusing on the myths and fables that have shaped how the city is represented. His ambitious project fails, however, to explain Bombay's transition from a cosmopolitan city to one torn apart by ethnic conflict. - Reviews / city, urbanisme […]