Tuesday, July 8, 2008

Everything you need to know about derivatives, greed and human behaviour

Just read this article by John Lanchester in the London Review of Books from January. It's excellent reading, and has only gotten more relevant since. Without descending to cliches about hanging together or separately, we're all in deep trouble if the ends of the economic spectrum keep pulling apart - and also if we forget that the "free" in "free market" isn't synonymous with "unconstrained"!

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