From Agora to Choupal

A whistle-stop tour of the free market orthodoxy and its opponents

The two outstanding features of this book—one intended and the other a happenstance—are its sweep and timing. Coming as it does after the market meltdown of 2008, when many of the tenets of the turn-of-the-century-capitalism based predominantly on financial engineering, came to be questioned, it is bound to attract much...

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  • Stale Hindsight

    A collection of trite economic minutiae of 2006-07

    Economists attached to Wall Street have a difficult job. They have to interpret economic trends as these evolve. They don’t have the luxury of limiting themselves to describing what happened decades earlier, benefiting from distance, time and prior research. They have to offer instant punditry. Those who use their services want to know the...

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  • The Rat-trap

    How to detect rogue advisors

    Charles Ponzi, Bernard Madoff and now Allen Stanford—all respectable and illustrious names that concocted the most outrageous scams in the history of financial frauds. They looked directly into the eyes of their unsuspecting victims and robbed them of every penny of their hard-earned money.

    Each one of these scams could have been avoided, if only investors...

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