TEDxHampshireCollege
Chuck Collins of the Institute for Policy Studies' Program on Inequality and the Common Good gives an entertaining TED talk on the economic and moral rationale for increasing taxes on the wealthy...
20 November 2011
12 November 2011
The Situation: An Introduction to Situational Character, Critical Realism, Power Economics, Deep Capture by Jon Hanson, David Yosifon [Deep Capture]
SSRN
quote:
This article introduces an innovative approach to legal theory which the authors call "critical realism." The approach endeavors to integrate insights of social psychology, and affiliated social sciences, together with the methods of conventional economic analysis, as well as traditional methods of legal inquiry. Canvassing robust findings from across the behavioral sciences, the authors articulate a framework for thinking about human agency in legal analysis that the authors call "the situational character," a conception which is meant to provide a more scientifically grounded understanding of the sources of human behavior and decision-making then is provided by the "rational actor" model that has become so prominent in legal scholarship through the influence of the law and economics movement. The authors further explore the extend to which market-actors, such as corporations, have a stake in promoting to consumers and to policymakers the rational-actor model of human agency, even as market pressures are likely to lead such market-actors to understand and exploit the reality of the "situational character." The authors refer to such efforts on the part of market-actors as "deep capture," an extension of the conception of administrative "capture" long understood by public choice theorists. The authors review several historical episodes and scholarly debates through the innovative framework that their article provides, and suggest many avenues of future research and development of the framework.
quote:
This article introduces an innovative approach to legal theory which the authors call "critical realism." The approach endeavors to integrate insights of social psychology, and affiliated social sciences, together with the methods of conventional economic analysis, as well as traditional methods of legal inquiry. Canvassing robust findings from across the behavioral sciences, the authors articulate a framework for thinking about human agency in legal analysis that the authors call "the situational character," a conception which is meant to provide a more scientifically grounded understanding of the sources of human behavior and decision-making then is provided by the "rational actor" model that has become so prominent in legal scholarship through the influence of the law and economics movement. The authors further explore the extend to which market-actors, such as corporations, have a stake in promoting to consumers and to policymakers the rational-actor model of human agency, even as market pressures are likely to lead such market-actors to understand and exploit the reality of the "situational character." The authors refer to such efforts on the part of market-actors as "deep capture," an extension of the conception of administrative "capture" long understood by public choice theorists. The authors review several historical episodes and scholarly debates through the innovative framework that their article provides, and suggest many avenues of future research and development of the framework.
04 November 2011
Wall St. Helped Greece to Mask Debt Fueling Europe’s Crisis - Goldman Sachs and Greek Economic Collapse
NYTimes.com
As in the American subprime crisis and the implosion of the American International Group, financial derivatives played a role in the run-up of Greek debt. Instruments developed by Goldman Sachs, JPMorgan Chase and a wide range of other banks enabled politicians to mask additional borrowing in Greece, Italy and possibly elsewhere.
As in the American subprime crisis and the implosion of the American International Group, financial derivatives played a role in the run-up of Greek debt. Instruments developed by Goldman Sachs, JPMorgan Chase and a wide range of other banks enabled politicians to mask additional borrowing in Greece, Italy and possibly elsewhere.
01 November 2011
How did Vioxx debacle happen?
USATODAY.com
q:
The study, an analysis of a database of 1.4 million Kaiser Permanente members, found that those who took Vioxx were more likely to suffer a heart attack or sudden cardiac death than those who took Celebrex, Vioxx's main rival. Based on their findings, Graham and his collaborators linked Vioxx to more than 27,000 heart attacks or sudden cardiac deaths nationwide from the time it came on the market in 1999 through 2003.
Graham told the finance committee investigators that the FDA was trying to block publication of his findings, Grassley said in a statement. "Dr. Graham described an environment where he was 'ostracized,' 'subjected to veiled threats' and 'intimidation,' " Grassley said. Graham gave Grassley copies of e-mail that appear to support his claims that his superiors suggested watering down his conclusions.
q:
The study, an analysis of a database of 1.4 million Kaiser Permanente members, found that those who took Vioxx were more likely to suffer a heart attack or sudden cardiac death than those who took Celebrex, Vioxx's main rival. Based on their findings, Graham and his collaborators linked Vioxx to more than 27,000 heart attacks or sudden cardiac deaths nationwide from the time it came on the market in 1999 through 2003.
Graham told the finance committee investigators that the FDA was trying to block publication of his findings, Grassley said in a statement. "Dr. Graham described an environment where he was 'ostracized,' 'subjected to veiled threats' and 'intimidation,' " Grassley said. Graham gave Grassley copies of e-mail that appear to support his claims that his superiors suggested watering down his conclusions.
29 October 2011
23 October 2011
US Hunger Rate Triple That in China
Global Research
American workers are now three times more likely than Chinese workers to lack the means of feeding their families, according to a startling new report from the Gallup organization. The polling group found that 19 percent of Americans worried about being able to feed themselves or their families, compared to only 6 percent of Chinese.
The Gallup finding showed a near reversal in the proportions of American and Chinese workers at risk of hunger over the past three years, an indication of the shattering impact of the economic slump brought on by the 2008 Wall Street financial crash. In 2008, 16 percent of Chinese said they at times lacked the money to put food on the table, compared to 9 percent of Americans.
American workers are now three times more likely than Chinese workers to lack the means of feeding their families, according to a startling new report from the Gallup organization. The polling group found that 19 percent of Americans worried about being able to feed themselves or their families, compared to only 6 percent of Chinese.
The Gallup finding showed a near reversal in the proportions of American and Chinese workers at risk of hunger over the past three years, an indication of the shattering impact of the economic slump brought on by the 2008 Wall Street financial crash. In 2008, 16 percent of Chinese said they at times lacked the money to put food on the table, compared to 9 percent of Americans.
Prosecute the Wall Street Mafia! Bill Black, Dylan Ratigan & David DeGraw on the Destruction of the Rule of Law | AmpedStatus
AmpedStatus
In this video, David DeGraw joins Bill Black on the Dylan Ratigan Show to discuss the “epidemic of fraud” and the people who need to be held personally responsible for the destruction of our economic system.
In this video, David DeGraw joins Bill Black on the Dylan Ratigan Show to discuss the “epidemic of fraud” and the people who need to be held personally responsible for the destruction of our economic system.
15 October 2011
Did Petraeus Try to Lie to America?
Consortiumnews
q:
On April 25, 2008, Joint Chiefs Chairman, Adm. Mike Mullen, told reporters that Gen. Petraeus in Baghdad would give a briefing “in the next couple of weeks” providing detailed evidence of “just how far Iran is reaching into Iraq to foment instability.” Petraeus’s staff alerted U.S. media to a major news event in which captured Iranian arms in Karbala would be displayed and then destroyed.
Oops. Small problem. When American munitions experts went to Karbala to inspect the alleged cache of Iranian weapons, they found nothing that could be credibly linked to Iran. ...The Teflon-clad Petraeus escaped embarrassment, as the David Ignatiuses of the Fawning Corporate Media (FCM) conveniently forgot all about the promised-then-canceled briefing.
...
q:
On April 25, 2008, Joint Chiefs Chairman, Adm. Mike Mullen, told reporters that Gen. Petraeus in Baghdad would give a briefing “in the next couple of weeks” providing detailed evidence of “just how far Iran is reaching into Iraq to foment instability.” Petraeus’s staff alerted U.S. media to a major news event in which captured Iranian arms in Karbala would be displayed and then destroyed.
Oops. Small problem. When American munitions experts went to Karbala to inspect the alleged cache of Iranian weapons, they found nothing that could be credibly linked to Iran. ...The Teflon-clad Petraeus escaped embarrassment, as the David Ignatiuses of the Fawning Corporate Media (FCM) conveniently forgot all about the promised-then-canceled briefing.
...
Subscribe to:
Posts (Atom)
Posts
Cartoon from Brad Blog
