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VUB, “Stewardship of Finance” Chair, inaugural lecture : Why Stewardship of Finance?, October 4 2012
The inaugural lecture of the chair “Stewardship of Finance”, delivered by me at the Vrije Universiteit Brussel, on the 4th of October 2012.
Why Stewardship of Finance?
When in the Autumn of 2011 I was first approached by Michel Flamée on behalf of the Vrije Universiteit Brussel about the chair I’m privileged to speak from…
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VUB, “Stewardship of Finance” Chair, inaugural lecture, 4th October 2012
Some pictures of the audience, of some well-known fixtures of the blog, as well as the introductory speeches of the chair.
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READING LIST FOR THE “STEWARDSHIP OF FINANCE” COURSE AT VUB, STARTING OCTOBER 4th
1. Historians of finance
Martin Meyer:
The Bankers, New York: Weybright & Talley, 1974
Markets, New York: Norton, 1988Peter L. Bernstein:
Capital Ideas, New York: Free Press, 1992
Against the Gods. The Remarkable Story of Risk, Hoboken: John Wiley & Sons, 1996Steve Fraser:
Every Man a Speculator. A History…
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ECUADOR OFFERS POLITICAL ASYLUM TO JULIAN ASSANGE
With Great Britain suddenly threatening to invade the Ecuadorean embassy in London, methinks we will be hearing more about this one. Methinks that this might just be the famous single spark that can start a prairie fire. Methinks that we…
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THOSE RESPONSIBLE FOR THE CRISIS WHO ARE RARELY TALKED ABOUT
Translated from the French by Tim Gupwell
The question of whether a debt contract can be considered as money is central to my book L’argent mode d’emploi (2009). I expose the violence exerted by Joseph Schumpeter (1883-1950), when he imposed the idea that such was the case, and I demonstrated the inanity…
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THE MANIPULATION OF THE LIBOR
Translated from the French by Tim Gupwell
In my Friday morning video (in French), I said that when a pirate (Rupert Murdoch) does business with a ship wrecker (the City of London), it tends to weaken the entire system, and I went on to add that this is particularly the case when…
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HOW CREDIT DEFAULT SWAPS WILL HAVE DESTROYED THE EURO
How credit default swaps will have destroyed the Euro
12 juin 2012 par Paul Jorion
And what of the CDS (credit-default swap) speculators who don’t pay taxes? Why don’t we hear anything about them? We hear a lot about the Greeks not paying their taxes, and at…
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QUESTIONS STILL IN NEED TO BE SOLVED (II) PROFIT, THE SOURCE OF ALL OUR ILLS
An English translation by Jean-Loup Komarower of the post QUESTIONS À RÉSOUDRE (II) LE PROFIT, SOURCE DE TOUS NOS MAUX
Robert Owen (1771-1858) was a Welsh social reformer, one of the founders of the cooperative movement. As a very early socialist who was blamed for being strictly speaking a “communist”, he considered profit as the…
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“No Matter What We Do, It Will Still Be The Same”
An English translation by Bernard Bouvet of my « QUOI QU’ON FASSE, CE SERA LA MÊME CHOSE ! » of March 11.
77% of you, my dear blog readers, not all of you, but a “comfortable majority” of you, happens to be French. Your country is now in full “election showbiz” mode,…
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IT IS TIME TO RESTRUCTURE CAPITALISM
An English translation which can be read here of my post “Refonder le capitalisme”: Le moment est venu by Frankly.
It Is Time to Restructure Capitalism
Is there anything more depressing than the spectacle of the short-term remedies that are being applied at present with a view to…
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MASTERS OF THE UNIVERSE: About “The network of global corporate control”, by S. Vitali, J. B. Glattfelder, S. Battiston
A passionate discussion has started on my French blog about the article The network of global corporate control, by S. Vitali, J. B. Glattfelder, S. Battiston.
I’m hoping that a parallel discussion in English starts here.
Here an excerpt of the paper to whet your appetite:
… nearly 4/10 of the control…
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TAVAKOLI vs. JORION. The Subprime Crisis: an orchestrated or spontaneous Ponzi Process?
A translation by Bénédicte of my post of September 3rd: TAVAKOLI vs. JORION. LA CRISE DES SUBPRIMES : PYRAMIDE ORCHESTRÉE OU SPONTANÉE ?
You will find in my “La crise du capitalisme américain” (The Crisis of American Capitalism) (La Découverte 2007; Le Croquant 2009), written between November 2004 and October 2005,…
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FRANCE 24, The F24 Interview
With Annette Young, about the current developments of the crisis.
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IGNORING LESSONS LEARNT
My most recent column in the French daily paper Le Monde : Le risque systémique court toujours. As usual the translation is due to Bénédicte.
Lehman Brothers’ bankruptcy, on September 15, 2008, and its aftermath – more than one trillion dollars being injected into the financial system – have caught people’s attention about…
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My lecture at the Zermatt Summit, on the 16th of June 2011
Now online.
I defend my proposal of a prohibition of wagers on the evolution of prices (which was standard in the 19th century) within the framework of a Constitution for the Economy.
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Healthy / destructive system of capitalism (2d version), by Lambert de Haas
Guest post. Taking advantage of my interview with Caroline de Gruyter in NRC Handelsblad, Lambert de Haas has put this all together. He’s expecting your remarks to make further improvements.