Author: lawrence baxter

nailing naked nonsense

Teaching and research distractions have again kept me from blogging for a while.  I guess my defense is that learning the facts is always an important precursor to writing about them. This morning, however, I decided to divert from class…

so why is no one in jail?

In the aftermath of the Savings & Loan (S&L) crisis of the 1980s, there were over 1800 criminal prosecutions and more than a thousand financial executives went to prison.  So far the financiers who have met a similar fate in the…

pareto redux

To anyone who has noticed that theParetoCommons has been dormant during the past six months I owe an explanation for the hiatus and my thanks for bothering to read this post after so much time. (Indeed, were it not for…

the widening financial gyre

TURNING and turning in the widening gyre The falcon cannot hear the falconer; Things fall apart; the centre cannot hold; Mere anarchy is loosed upon the world, The blood-dimmed tide is loosed, (from William Butler Yeats’ The Second Coming (1919))…