Making Seafood Sustainable–Now Available
04/09/2012
Making Seafood Sustainable: American Experiences in Global Perspective Mansel G. Blackford 296 pages | 6 x 9 | 20 illus. Cloth 2012 | ISBN 978-0-8122-4393-2 | $45.00 | £29.50 A… READ MORE
Category: Business & Economics
Tax and Spend–Now Available
04/04/2012
Tax and Spend: The Welfare State, Tax Politics, and the Limits of American Liberalism Molly C. Michelmore 248 pages | 6 x 9 | 8 illus. Cloth 2012 | ISBN… READ MORE
Beyond the Resource Curse–Now Available
04/03/2012
Beyond the Resource Curse Edited by Brenda Shaffer and Taleh Ziyadov 512 pages | 6 x 9 Cloth 2012 | ISBN 978-0-8122-4400-7 | $69.95 | £45.50 "Beyond the Resource Curse… READ MORE
Seneca Possessed–Now in Paperback
02/09/2012
Seneca Possessed: Indians, Witchcraft, and Power in the Early American Republic Matthew Dennis 328 pages | 6 x 9 | 16 illus. Cloth 2010 | ISBN 978-0-8122-4226-3 | $45.00 |… READ MORE
The Worst Regulation in History? Jeffrey Friedman and Wladimir Kraus on the Recourse Rule
01/05/2012
It may seem, then, that the Recourse Rule offers us no lessons. It failed only because of unavoidable human ignorance. The regulators did not anticipate a nationwide housing bubble. Prescience about the bubble was rare, and nobody can be blamed for lack of omniscience. Testifying before the Financial Crisis Inquiry Commission, former FDIC Chair Sheila Bair expressed regret for the Recourse Rule and admitted that regulators had not understood the risks. Neither had most investors.
However, the danger of a fallible regulator is much greater than the danger of a fallible investor.
A prudent response to our fallibility is to spread our bets. The Recourse Rule contradicted this principle by encouraging all banks to invest in one category of “safe” assets. Herd behavior is always a danger in markets, but this particular herd was corralled by the regulators.
Winter Meeting Wonderlands
12/23/2011
The Penn Campus is relatively quiet now that classes are over, but winter break doesn't mean that things cool down at Penn Press. Some of the biggest humanities and social… READ MORE
My Storm–Now Available
12/22/2011
My Storm: Managing the Recovery of New Orleans in the Wake of Katrina Edward J. Blakely. Foreword by Henry Cisneros 208 pages | 6 x 9 | 8 illus. Cloth… READ MORE
Global Downtowns – Now Available
12/21/2011
Global Downtowns Edited by Marina Peterson and Gary McDonogh 376 pages | 6 x 9 | 13 illus. Cloth Dec 2011 | ISBN 978-0-8122-4384-0 | $59.95 | £39.00 A volume… READ MORE
Jeffrey Friedman Speaks at the Cato Institute
11/02/2011
Jeffrey Friedman, coauthor with Wladimir Kraus of Engineering the Financial Crisis: Systemic Risk and the Failure of Regulation, spoke at a Cato Institute event on October 27, 2011. Here's a… READ MORE
Virtuousity in Business — Now Available
11/01/2011
Virtuosity in Business: Invisible Law Guiding the Invisible Hand Kevin T. Jackson 376 pages | 6 x 9 Cloth 2011 | ISBN 978-0-8122-4376-5 | $79.95 | £52.00 Virtuosity in Business… READ MORE
