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Yves Smith is the creator of the influential Naked Capitalism, a top-ranked economics and finance blog with over 250,000 unique visitors each month. Smith has appeared on PBS, CNBC, CNN, and FOX Business News, and has written many articles in venues such as The New York Times, Slate, The Huffington mehr anzeigen Post, and The Christian Science Monitor. She lives in Manhattan. weniger anzeigen
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Its organization falters in places, and while it gives a fair amount of intellectual history it expects you to understand a lot of finance jargon, but this is a fresh take on the economic collapse: Smith traces the roots all the way through the economics profession of the twentieth century, which she argues perverted Keynesian theories and ignored fundamental principles of risk in favor of ideology and models so stripped-down that they weren’t just useless but actively dangerous. Because pay was pegged to short-term gains, individuals had every incentive to loot the overall economy and their own institutions—and the terrible thing is that they still do. You can really get almost everything here by reading Smith’s blog Naked Capitalism, but if you want the most biting criticism of mainstream economic thinking this side of Nicholas Taleb, this book is a one-stop shop.… (mehr)
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rivkat | 1 weitere Rezension | Aug 16, 2011 |

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