In keeping with my tradition of using these weekend postings to offer longer reads on important topics, today from Barry Ritholtz's blog I submit three fascinating essays. Actually, though these are longer reads than my usual one paragraph/one minute summation of the day's events in the market, these are not really long reads considering the importance of what they cover. In the space of a few thousand words, these articles more accurately serve as mini versions of college courses that may be required of business majors.
#1 from the Harvard Business Review and authored by economist Paul Krugman, "A Country is Not a Company," in 6,000 words is a condensed introductory economics class. #2, and more fascinating since this is one that is often not part of a B-school curriculum (but should be) is a 7,000 word essay, "A Brief History of the Corporation: 1600 to 2100." If the traditional adage "Those who ignore history are doomed to repeat it" is at all true, this treatise certainly demonstrates that many of the same problems in the business world today are really centuries old, making this 20 minute read a mini version of an entire business degree. Getting much more current and topical, #3 directly addresses an issue that has been prevalent in the news for the past several years -- Fed monetary policy. In 6,000 words, Professor Charles Evans gives clarity to the very complex and sophisticated environment in which the Fed operates. He makes it easier to understand the intricate and symbiotic relationship between the U.S. economy and monetary policy as he discusses "Thoughts On Leadership and Monetary Policy." Hope everyone is having a great weekend, despite the miserable weather.
A Country Is Not a Company
A Brief History of the Corporation: 1600 to 2100
Charles Evans: Thoughts on Leadership and Monetary Policy | The Big Picture
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