The socialist within

May 22, 2010

It’s Friday night in this side of the Western hemisphere, so, what the heck. I think you might find it funny. Here’s a bit of U. S. public debt history.

Does the average tea-party fan know better?

Found via The Big Picture.


On the rise and decadence of Detroit (1950-2009)

September 27, 2009
Detroit, 1950-2009

Detroit, 1950-2009

Time Magazine has an interesting article by Daniel Okrent about Detroit’s fate. What was once known as America’s Arsenal of Democracy and became the fourth largest city in the United States, shows signs of accelerated decay. Unemployment rate is almost 30%, business is all but (almost) shutdown, and the town of Robocop has nothing but a gloomy future. What is relevant in Okrent’s piece is his discussion on the political economy of Detroit’s failure. Populist politicians, overconfident automobile companies and pampered unionized workers intertwined to make of this Michigan city a urban disaster. Check out the pics of Detroit’s remains by Sean Hemmerle. They’re quite scary.


Sessions of the Second Latin American Economic History Congress

September 21, 2009

Wordle: CLADHE-II: List of sessions

Here is the list of preapproved sessions  of the Second Latin American Economic History Congress (CLADHE-II), to be held in Mexico City on February 3-5, 2010. To submit a paper to any of the sessions, you have to go here.

Wordle: CLADHE-II: Lista de simposios


More on Lehman Brothers (1850-2008)

September 21, 2009
Before arcane CDOs imploded...

Before arcane CDOs imploded...

The Wall Street Journal presents a neat infographic on the new jobs of Lehman’s executives after its bankruptcy in September 2009.

Found via Chart Porn.


On Lehman Brothers

September 15, 2009
Those were happy times...

Those were happy times...

After the US Treasury and the Federal Reserve denied to rescue Lehman Brothers, the once almighty investment bank failed a year ago, beginning what would turn to be the mother of all financial crises.

Here is an exclusive Reuters interview with Richard Fuld, the president of Lehman at the time of its bankruptcy.

lehman-brothers

The New York Times has published three good pieces on the issue: ‘An Epidemic of Capital Destruction’, Tales From Lehman’s Crypt (showing the lives and fates of three former Lehman employees) and Lehman Had to Die So Global Finance Could Live. It also has a neat visualization showing the market capitalization of the biggest financial firms in Wall Street from October 9, 2007 to September 11, 2009.

The Economist’s Buttonwood has recently posted an interactive map showing global indebtedness, from 1999 to 2011. It’s worth visiting.


Web shopping: On Krugman and Expedición 1808

September 14, 2009
Ben, Olivier and Bob

Ben, Olivier and Bob

Disclaimer: Sorry about the delay in completing this post (holidays and tons of work impeded its prompt publication).

Here’s an article by Paul Krugman on the state of economics and the failure of most mainstream economists to imagine the worst-case scenario (i. e., the world financial crisis of 2008 and the Great Recession of our days). Here are some reactions of Krugman on the reception of the piece in the blogosphere. And here’s a great post by Beatrice Chérrier at History of Economics Playground exploring Krugman’s ambiguities on the methodology of macroeconomics.

Now, on to diminishing my credibility. Here are the ads of the TV show I am part of. The feature was recorded in the first semester of 2008.  It will run on Saturdays and Tuesdays at 19 h in NatGeo, the National Geographic channel covering from Tijuana to Ushuaia. I have not heard enough reactions to the show to have an statistically significant image of what people think about it (so far partiality prevails) If you live in the Western hemisphere and have the chance to watch it, I’ll be more than glad to hear your comments on my unexpected debut in television.


Mexican Economic History courses online

August 14, 2009
Diego Rivera's Pan American Unity mural, Panel 3, City College of San Francisco.

Diego Rivera's Pan American Unity mural, Panel 3, City College of San Francisco.

I have finished the last details of the website for the Mexican Economic History course  at UNAM, of which I am a teaching assistant. Here is part I and here is part II. I’m pretty sure the bibliography in the course is a neat overview of recent economic history in this country.

By the way, here’s an article published in the Washington Poston about rising unequality in the USA by Gregory Clark, Professor of Economics at UC Davis and author of A Farewell to Alms. A Brief Economic History of the World.