Category Archives: Greed

Managers’ Self-Interest, Greed, and Altruism

We explore the potential effects of managers’ greed and altruism on their behaviors and firm outcomes. Greed represents extreme self-interest whereas altruism reflects concern for others. We argue that managerial greed leads to a focus on short-term decisions and short-term … Continue reading

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No Brasil, deputada grega fala da crise e defende auditoria da dívida

Ler Em seminários em Brasília, Sofia Sakorafa diz que crise grega é ‘catastrófica’ e filha do neoliberalismo. Crítica e único voto contra acordo com FMI, socialista acha ‘imoral’ e ‘desonesto’ impor ao povo custo de socorro a bancos e prega … Continue reading

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Financial Warfare: “Sheared by the Shorts”. How Short Sellers Fleece Investors

Read Why did gold and silver stocks just get hammered, at a time when commodities are considered a safe haven against widespread global uncertainty? The answer, according to Bill Murphy’s newsletter LeMetropoleCafe.com, is that the sector has been the target … Continue reading

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By Cutting Taxes on the Rich, We’ve Incentivized Greed — How Do We Return to Fairness?

Read The Right wants to return to the “happier days” of the 1950s–but forgets that one of the main reasons for that era’s prosperity was very high taxes on the wealthy. It is curious that the American Right, which waxes … Continue reading

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Going Rogue: Share Traders More Reckless Than Psychopaths

Read Read also: Traders’ brains: Rogue hormones – Bad trade? Blame the adrenal cortex What makes individual stockbrokers blow billions in financial markets with criminal trading schemes? According to a new study conducted at a Swiss university, it may be … Continue reading

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It Became Necessary to Destroy the Periphery in Order to Save the Core’s Banks

Read The bailouts are essential to bail out the core’s banks. The EU is not lending money to Ireland, Greece, and Portugal to help those nations’ citizens. The EU is lending those nations money because if they don’t those nations … Continue reading

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Age of Greed: The Triumph of Finance and the Decline of America, 1970 to the Present

Read Read also: How Wall Street Won and America Lost A vividly told history of how greed bred America’s economic ills over the last forty years, and of the men most responsible for them. As Jeff Madrick makes clear in … Continue reading

Posted in Banks, Credit system, Crisis, Debt, Derivatives, Economists, Financial oligarchy, Financial system, Greed, Neoliberalism, United States | Tagged , , , , , , | Leave a comment

How Wall Street Won and America Lost

Read In his latest book, Age of Greed, former New York Times economic columnist Jeff Madrick tells how Wall Street triumphed and America paid the price. It’s the story of how, starting in the 1970s, right-wing economics – a mystical … Continue reading

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