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 – the quintessential victim…

  • 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 financial firms…

  • My lecture at the Zermatt Summit, on the 16th 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.