Paul Jorion's Blog

Tag: prohibition of wagers on price fluctuations

The fall of the Roman Empire, live on the Internet!

Frankly Francophone has just translated one of my recent French posts into English. Thanks Franky! The original post is here.

They wanted to extend market logic to absolutely everything. In attempting to do so they disregarded the domain of ethics which had governed human affairs up to that point. The trader –…

July 13, 2011
IGNORING LESSONS LEARNT

My most recent column in the French daily paper Le Monde : Le risque systémique court toujours. As usual the translation is due to Bénédicte.

Lehman Brothers’ bankruptcy, on September 15, 2008, and its aftermath – more than one trillion dollars being injected into the financial system – have caught people’s attention about…

July 11, 2011
My lecture at the Zermatt Summit, on the 16^th of June 2011

Now online.

I defend my proposal of a prohibition of wagers on the evolution of prices (which was standard in the 19th century) within the framework of a Constitution for the Economy.

July 9, 2011