ING breaks up (where I was supposed to work this time last year)

ING breaks up: Slimming cures | The Economist

Baseline Scenario - Simon Johnson

http://baselinescenario.com/

"It is part of the merging social science"

Nobel Prize 2009 for economics are for: Elinor Ostrom and Oliver Williamson, one political scientist and one economist.
The challenge is to design institutions, mechanisms and incentives that move us in the right direction.


Economics is not really fundamentally about markets, but about resource allocation and distribution problems. Markets appear because they operate effectively to handle a subset of these resource allocation challenges.

And Andrew Lo, who proposes the adaptive market hypothesis says EMH is not incorrect, it's just a part of a puzzle.

philosophy and economics

There should be a correlation between these two.

A study can be carried out to examine the link between different philosophies on the economy and personal income. i.e., G.W. in the Fountainhead who can sell his soul or those who are students of Ayn Rand versus Socrates, Des Cartes, Spinoza,... and Buddhists.

living in the time of financial crisis

Wish I could fly to NY to attend the discussion. The fee for student is ok but I am no longer. On the other hand, I am working, but not in the financial industry now. Working in an Internet company, although small has made me realize how much powerful it is in the arms of these guys, in the actual and virtual world.

But will I be out, or in with Finance, where I thought I would be?

This month, people have been talking about the event after one year since Lehman collapsed.
Wall Street's new shape

In the end, if it's not money, it would be also hard to tell what will benefit the society if you're not in an NGO (and do NGOs bring benefit?)