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Archive for March 11th, 2010

It’s always a good morning when I wake up to the new edition of the Real World Economics Review in my inbox. This issue may be of particular interest for readers of this blog, who recall my review of David Westbrook’s excellent book, Out of Crisis: Rethinking Financial Markets. You should still read the book, but in the meantime, Westbrook has condensed his thoughts into a 12 page article, ” Tragedy, law, and rethinking our financial markets.” The general ideas are similar, although there are a few Marx references peppered in. I’m excerpting below the fold, so as to encourage you to read the whole thing.

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