Posts Tagged ‘UN Principles for Responsible Investing’

What Goes Up Doesn’t Always Go Up

Wednesday, February 4th, 2009

The latest disaster in the financial markets has once again shown that some of the biggest risks investors face derive from the excesses of free markets themselves.  This time it was unregulated lending, leverage and speculation.  In 2000 it was over-optimistic and at times corrupt Wall Street analysts, gobbling up creative corporate accounting that massaged [...]

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Strategic View

Wednesday, January 30th, 2008

Do Markets Need Government?
When I studied and taught economics 25 years ago, the basic model of efficient markets was straightforward. Investors and businesses maximize profit, consumers seek value for money, workers search for lucrative jobs. Competitive market forces were central, although market failures were acknowledged: the maldistribution of income and “externalities” such as pollution and [...]

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