Monthly Archives: August 2009

“We glorified finance, we privileged finance, we even subsidised finance”

ABC radio’s PM programme has a good little interview with Jim Standford regarding how people incorrectly think of economics as part of the finance industry rather than the finance industry being just a part of the economy: JIM STANFORD: … I … Continue reading

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Bad maths, accounting, and risk management

A brief, but interesting introductory article on the types of accounting rules that are legal but which promote bad investment in the long term appears here (pdf).   The summary, in the form of a joke, follows:    Three accountants interview for a job.  … Continue reading

Posted in Accounting Failures, Thought of the day | Leave a comment