Paul Jorion's Blog

Author: Paul Jorion

  • VUB, Stewardship of Finance, 3d lecture, Adam Smith’s “invisible hand”, October 14, 2013

    I’m reminding you that access is free : QB lecture room, every Monday from 4 to 6 P.M., Pleinlaan, 1050 Brussels.

    Full information here.

  • VUB, Stewardship of Finance, 2nd lecture, Is rational behaviour necessarily ethical?, October 7, 2013

    I’m reminding you that access is free : QB lecture room, every Monday from 4 to 6 P.M., Pleinlaan, 1050 Brussels.

    Full information here.

  • VUB, Stewardship of Finance, 1st lecture, The background: The stewardship of finance and the subprime crisis, September 30, 2013

    I’m reminding you that access is free : QB lecture room, every Monday from 4 to 6 P.M., Pleinlaan, 1050 Brussels.

    Full information here.

  • “Stewardship of Finance”, lectures resume on September 30 at 4 p.m.

    My “Stewardship of Finance” lectures at the VUB resume on September 30.

    Lectures will be delivered in English, they are held on Mondays from 4 to 6 p.m. in lecture hall QB (2 Pleinlaan, 1050 Brussels); auditors are free to attend.

    Lectures are videotaped and can be viewed on YouTube as well…

  • A mail exchange about JP Morgan’s “The Euro area adjustment: about halfway there”, Europe Economic Research, 28 May 2013

    From : Paul Jorion
    Object : The Euro area adjustment: about halfway there
    Date : 21 June 2013 21:33:20 UTC+02:00
    To : Malcolm Barr, David Mackie

    Good day MM. Barr and Mackie,

    I’m writing to you as I receive several mails drawing my attention to the following paragraph of…

  • VUB and ULB, “Stewardship of Finance” chair, Prince Philip and Princess Mathilda of Belgium ask students about their research, Avril 18 2013

    Well, call me sentimental, but in a world of confrontation, disarray and dearth of proper answers, the whole occasion was, please forgive me for being so blunt, perfect.

  • VUB, “Stewardship of Finance” Chair, fifteenth lecture, 17th April 2013

    “What Can We Tell about the Future?” was my final lecture at the Stewardship of Finance chair in the academic year 2012-2013. The lecture was held in English as had been the case with prior ones. Most questions which then came from the room were in French, I answered them in the same tongue.

    The author whose name I unfortunately don’t remember during the lecture: Donald MacKenzie, An Engine, Not a Camera. How Financial Models Shape Markets, Cambridge (Mass.) : MIT Press 2006

  • VUB, “Stewardship of Finance” Chair, thirteenth lecture, 21st March 2013

    The thirteenth lecture on ethical ways of sharing newly created wealth. The situation in Cyprus served as an illustration.

  • COMPLEXITY AND THE “SKYNET EFFECT”

    This is the translation by John Holland of my post entitled Complexité et effet Skynet, originally published on June 16th 2012.

    The world in which we live today increasingly resembles a science fiction film from the 1950s. Some of those films were excellent because they raised fundamental questions about how machines…

  • VUB, “Stewardship of Finance” Chair, twelfth lecture, 14th March 2013

    Twelfth lecture of the « Stewardship of Finance » chair. It is the notion of risk and the different forms of risk sharing which allow the building of a reasoned catalogue of all types of financial instruments and analysing them in an ethical perspective.

    Is it admissible that taxpayers were required not only to pay…

  • VUB, “Stewardship of Finance” Chair, eleventh lecture, 7th March 2013

    The eleventh lecture of the « Stewardship of Finance » Chair, devoted entirely to the tragic story of the Texan corporation called Enron which was the topic of my book Investing in a Post-Enron World (2003).

  • « Dédicace too big to … », by luami

    Guest post.

    « Dédicace too big to … »

    Have you heard of “too big to fail !”?
    Now they say “too big to jail !”
    They know they have the whole power
    Because they finance the lawyer!

    They don’t care about Justice
    Nor about the State Police
    They have…

  • Calendar of the remaining events associated to the “Stewardship of Finance” Chair at the VUB

    For registration, precise location and times, please look here.

    On March 7th, my lecture will be devoted to the Enron corporation and its downfall as a counter-example of stewardship of finance.

    On March 13, Jacques Attali will be our guest. He is head of Pla-Net Finance and of the study group on a…

  • VUB, “Stewardship of Finance” Chair, tenth lecture, 28th February 2013

    The tenth lecture in the course, devoted to risk and insurance: financial risk, systemic risk, the insurance business’ first steps, the methodology: Value at Risk, regulation: Solvency II.

  • VUB, “Stewardship of Finance” Chair, ninth lecture, 21st February 2013

    My ninth lecture: labour and capital, talking about the distribution of newly created wealth, the way to conceptualise this, the political stances deriving from this and the light these shed on ethical perspectives about economic and financial issues.

  • VUB: STEWARDSHIP OF FINANCE CHAIR, February 27 and 28, 2013

    Wednesday, 27 February, 2013 – 19:30 to 21:30
    VUB, Etterbeek
    Building D
    Promotion Hall

    Monica Mächler & Hugues Pirotte

    Monica Mächler served since January 2009 until the end of September 2012 as Vice Chair of the Board of Directors of the Swiss Financial Market Supervisory Authority FINMA, after having served as…

  • VUB, “Stewardship of Finance” Chair, eighth lecture, 20th December 2012

    Aistotle’s theory of price formation. His chrematistics: the role of money in society.

    I start with a brief recap of my seventh lecture on Lord Adair Turner’s distinction between “useful” and “useless” financial activities.