Berfrois

Greece Rejects Austerity!

Greece Rejects Austerity!

In one week I had seen plenty of misery in Greece’s train of misfortune. Apart from protest slogans covering public and private walls, the homeless people sleeping on the sidewalks, and the soup kitchens, it is the generalized distress that has struck me.

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Carl Wennerlind: Credit Alchemy!

Carl Wennerlind: Credit Alchemy!

by Carl Wennerlind When the philosopher Baruch de Spinoza received word of a successful transmutation of lead into gold in December of 1666, he quickly sought to quell his skepticism by personally visiting the adept, and the visit left him fully convinced of the veracity of the adept’s account....

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Hayek’s review of the Treatise in Economica appeared technical in character, but it was politically charged…

Hayek’s review of the Treatise in Economica appeared technical in character, but it was politically charged…

The Theatre, LSE, c.1930. Photograph from LSE Library Collection From The Times Literary Supplement: In London, Robbins had experienced Keynes’s less attractive side. They had both been appointed to the Macmillan Committee on Finance and Industry, which was intended to find answers to the severe economic downturn then under...

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Michael Schiltz: Yen Blocism

Michael Schiltz: Yen Blocism

We are living through ominous times. In the wake of the 2008 subprime crisis, the world economy has been battered by a series of profound shocks that have not been experienced since the 1930s.

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Flawedonomics

Flawedonomics

From Freakonomics, Cold Fusion, 2010 From American Scientist: The nonfiction publishing phenomenon known as Freakonomics has passed its sixth anniversary. The original book, which used ideas from statistics and economics to explore real-world problems, was an instant bestseller. By 2011, it had sold more than four million copies worldwide,...

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Hedge Tip

Hedge Tip

John Bedford Lloyd playing the character Bill Clark (based on Henry Paulson), Wall Street: Money Never Sleeps, 20th Century Fox, 2010 From Bloomberg: Treasury Secretary Henry Paulson stepped off the elevator into the Third Avenue offices of hedge fund Eton Park Capital Management LP in Manhattan. It was July...

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Squeezed

Squeezed

by Justin E. H. Smith In 1994 I was admitted to a few Ph.D. programs, but only two of them were not from my back-up list. One of these was UCLA, where I was admitted with full-funding for the doctoral program in Slavic linguistics, and the other was Columbia,...

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Are the Chinese prone to money illusion?

Are the Chinese prone to money illusion?

China’s monetary policy and its inflation have got people talking – particularly about the effect on other countries. But what about its effect on China’s people? Are they fooled by money illusion?

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Motives Matter

Motives Matter

by Tim Besley and Maitreesh Ghatak As we approach three years since the fall of Lehman Brothers, the incentives that led the financial sector to take on too much risk still exist. This column argues that they will remain so long as governments continue to provide an implicit guarantee that...

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Did anti-regulation lobbying fuel the subprime crisis?

Did anti-regulation lobbying fuel the subprime crisis?

by Deniz Igan and Prachi Mishra Did anti-regulation lobbying fuel the subprime crisis? This column shows that there is a strong relationship between financial industry lobbying and favourable financial regulation legislation. It argues that the financial industry fought, and defeated, measures that might have curbed some of the reckless...

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Take My Wealth, Please (Or Not)

Take My Wealth, Please (Or Not)

Stop Coddling the Super-Rich | by Warren E. Buffett

The New York Times

Our leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting....

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Jerry Moore: Feverish Rivers

I learned that Gerardo Reichel-Dolmatoff had been a Nazi when I was in a Santa Marta supermarket. I had just stepped into the Exito...

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Lauren Berlant
Lauren Berlant flies

Most of the writing we do is actually a performance of stuckness. It is a record of where we got stuck on a question...

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Robyn Ferrell on Balthus

The pitfalls of identification, hero-worship, envy and malice can beset the most patient writer in the throes of five hundred-plus pages of attention to...

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Michael Munro on Spinoza

Immanence is not philosophy, nor philosophy immanence. But there is in the passage from one to the other a modification of sense that is...

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David Beer
David Beer: Broadcastwerk

Writing at sometime around 1930 or 1931, Walter Benjamin suggested that the voice on the radio is a like a visitor in the home,...

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Rose Barnsley: Young, Gifted and Žižekian

At nineteen, it is easy to think that all you're missing is the right movement. But there is something about the young left wing...

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Vincent W.J. van Gerven Oei: Rama’s And

While local journalists were once again busy regurgitating worn-down, coma inducing positions about yet another spectral appearance of Enver Hoxha at the celebration of...

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Playing the Percentages: Berfrois Interviews Danny Dorling

The portrait of the 1% in your book is one of sociopathic, power-hungry narcissists with a striking lack of empathy. This may seem antagonistic,...

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Joseph Spece
Joseph Spece: When Gamers Attack

Like many ugly controversies, the beginnings of #gamergate are linked to the end of love — well, the end of a relationship, at least....

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Lauren Berlant performs by clicking

Today I introduced Facebook to someone older than me and had a long conversation about what the point of networking amongst “friends” is. The...

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Tinder Times by Bibi Deitz

I am in bed with a man. He has to go home. He is not staying the night. So he pulls out his iPhone...

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Jenny Diski keeps up

Some things are best met with silence. If I were to proceed with this month’s column in an honest way, it would be a...

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From Fashion by Tracy O’Neill

The man who brought us a disembodied protagonist alluringly voiced by Scarlett Johansson has now issued a drama — starring apparel. Recently, Opening Ceremony...

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Philippe Theophanidis on Jean-Luc Godard

At one point near the end of his unfinished novel Jean Santeuil, Marcel Proust describes a painting by Claude Monet from 1897, titled “Bras...

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