Tag Archives: Frank Knight

Ronald Coase (1910-2013)

I was intending to make this my Wednesday post for last week, but my iPad ate my draft in Pages (it will not open or email the document: any suggestions for getting to the document would be welcome). But delaying for a week allowed me to provide a more complete post.   Ronald Coase, the […]

Bubble trouble: all information is not equal

This post is partly prompted by this comment and this paper (pdf) (via) on the US housing price bubbles and busts and (greatly) extends this comment by myself. It is also a response to the work of mathematician-turned-historian Andrew Odlyzko. In a previous post, I argued that easy monetary policy was not to blame for the asset booms […]

On simplifying without simplification

[Every now and then, the law throws up something really fascinating. This week’s exercise in fascination was instructions to prepare a briefing note on the causes and consequences of the global financial crisis, directed at yours truly. What made these instructions so difficult to follow is that while the causes and consequences of the GFC […]