Generation Bubble

The Men in the High Castle: The New Yorker’s Nick Paumgarten on the "Gnostics of Finance"

The latest issue of The New Yorker contains a splendid article by Nick Paumgarten (warning: gated) that considers the current economic crisis as putting paid to the Smithian canard that individuals acting in their own self-interest magically secure the interest of society as a whole. The entire piece is well worth reading, but one particular [...]