Wall Street - Economics Students Society of Australia

Wall Street

A collection of 3 posts

Greed, for lack of a better word, is good

Greed, for lack of a better word, is good

‘The point is, ladies and gentlemen, that greed, for lack of a better word, is good. Greed is right, greed works. Greed clarifies, cuts through and captures the essence of evolutionary spirit. Greed, in all of its forms; greed for life, for money, for love, knowledge has marked the upward

The Great Deformation

The Great Deformation

You may have never heard of David Stockman, who made his a career as a U.S. government budget-maker turned high-powered private equity financier. But you may be interested in his book, which attempts to unravel the 2008-09 global financial meltdown. I started reading it during the examination period and

What do Lance Armstrong, Abraham Lincoln, and a group of Wall Street bankers have in common?

What do Lance Armstrong, Abraham Lincoln, and a group of Wall Street bankers have in common?

This is not the opening line of an incredibly unfunny joke.* Rather, this is an economist’s story of how Abraham Lincoln indirectly forced Lance Armstrong to come clean about cheating. It’s also the story of why detecting fraud by Wall Street bankers may prove more difficult.Economists study