Archive | Economics in Media

photo from boni_face (Flickr)

Economics as Religion: The Paradox of Self-Interest

Over the next few weeks, I will be live-blogging Robert H. Nelson’s Economics as Religion. Though the book is somewhat dated (published 2001), its discussion is still relevant. This is the first post in this series. Hope you enjoy! Introduction: The Market Paradox The role of self-interest in economic growth is a paradox. Of course,…
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auction

What is the Economy?

The way “the economy” is discussed in our modern day has led to widespread misunderstanding about what “the economy” actually is. In the following, I will briefly share what it is, what it is not, and where the conversation about the economy has gone awry. What it is: The term “the economy” is used to…
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Insights into the Financial Crisis

In this post, we highlight a few popular level resources for gaining a deeper understanding of the financial crisis and its aftermath. The Bubble, a documentary examining the financial crisis, will be arriving shortly. Fraud: Why the Great Recession features Jesus Huerta deSoto and Philip Bagus and is already available. Learn “real history and economics”…
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barclays

The Real Problem with Barclays

If you’ve been following the news lately then you have probably heard something about Barclays and interest rate fixing. Barclays is a massive banking corporation based in the UK with a large world-wide presence. By ‘interest-fixing’ financial commentators mean Barclay’s lied about the London Interbank Offered Rate (LIBOR) and the Euro Interbank Offered Rate (EURIBOR).…
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