A Hard Look at Psychology and the Financial Crisis – Ian Hughes

Originally posted on Dr Alf's Blog:

Leverage Ratios of Investment Banks Increased ...

Leverage Ratios of Investment Banks Increased Significantly 2003-2007 (Photo credit: Wikipedia)

Lehman Brothers Rockefeller centre

Lehman Brothers Rockefeller centre (Photo credit: Wikipedia)

Introduction

I would like to thank Dr Alf for letting me write this guest blog article. I responded to one of Dr Alf’s blog’s and he invited me to expand my views.

The article is based on my forthcoming book entitled “Imperfect Design: How Our Psychology Threatens Our Future”, and my blog based on the book which is at www.disorderedworld.com

Let me know if you have any suggestions or improvements.

Moral Defects in the Financial Machine

The movement against war is sound. I pray for its success. But I cannot help the gnawing fear that the movement will fail if it does not touch the root of all evil – human greed.

Gandhi

Neoliberalism as Ideology

The story of the Financial Crisis is not simply a tale of the misdeeds of a…

View original 1,184 more words

IMF: infrastructure spending spree last chance to revive growth – Telegraph

Although the IMF was once Angela Merkel‘s mouthpiece favoring fiscal discipline, these days the IMF has learned the weakness of its advice and is desperate for growth. This is an excellent article from the Telegraph. Check it out!

via IMF: infrastructure spending spree last chance to revive growth – Telegraph.

Views?

Follow

Get every new post delivered to your Inbox.

Join 5,459 other followers