Tag Archives: Capitalism

Accountability and Greed in Investment Banking.

“The failure of socialist regimes: one important explanation is that the underlying informal norms of what people do with their work lives were never integrated with the planned economies in an effective way.” Yale Lecture 12 on Capitalism, Accountability and … Continue reading

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Institutions and Incentives in Mortgages and Mortgage-Backed Securities.

Yale Lecture 11 on Capitalism: Institutions and Incentives in Mortgages and Mortgage-Backed Securities.  Interesting question: is there a correlation, or even a causation, between the explosive growth of skyscrapers in New York City and easily accessible funding?  The answer to … Continue reading

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Managing the Crooked Enron

“Capitalism creates value by a series of informed voluntary exchanges.”  Being informed continues to be a persistent challenge.  Guest Lecture by Jim Alexander: Managing the Crooked E.  “E” stand for Enron.

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Why Poloraid Failed. The Need for Humility and Interdisciplinarity

What happens when an individual, a group, or a business trusts in past success, doesn’t believe in the need for collaboration, and is confident they have the answers?  These are the key ingredients in the myth of exceptionalism.  See the … Continue reading

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Rise of the Joint Stock Corporation.

“The joint stock corporation is without doubt the most important institution in the world today.”  Rise of the Joint Stock Corporation.

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Entrepreneurial Challenge: Can You Sell a Scheme for Operating on Beating Hearts and Make a Business of It?

Can You Sell a Scheme for Operating on Beating Hearts and Make a Business of It?   Lecture 7 from Yale course “Capitalism: Success, Crisis and Reform” with Douglas W. Rae.

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Freedom is a way of overcoming our own fallibility

“Freedom is a way of overcoming our own fallibility.”  Property, Freedom, and the Essential Job of Government. “If there were omniscient men, if we could know all the affects the attainment of our present wishes but also our future wants … Continue reading

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