Why Behavioral Economics Is Really Marketing Science
Not only do economists ignore the role of banks in their models, they also omit marketing and the malleability of consumer preferences.
Read more...Author Archives: Yves Smith
Links 8/26/16
The Newspaper Ad Collapse: Bad News for Readers
A look at the data on the decline of newspapers.
Read more...How Veterans are Victims of Big Pharma
Yves here. While this post makes an important point about the degree to which veterans are targets for opioid marketing, as well as the creation of a large and multiheaded “pain lobby” to promote the idea that pain was undertreated (which may have been true, but not to the degree suggested). However, the article also […]
Read more...Links 8/25/16
Even Matt Levine Feels Compelled to Say Sorta Bad Things About Apollo’s Conduct in $52.8 Million SEC Settlement
Apollo gets nicked by the SEC, but par for the course, not all that badly.
Read more...The Real Scandal of Clinton’s Emails: Conducting Foreign Policy In Secret
A revealing effort to acknowledge that the Clintons are corrupt but contend that it doesn’t matter much because the system is rotten.
Read more...Could a Lithium Shortage De-Rail the Electric Car Boom?
Will lithium be the next plastics?
Read more...Links 8/24/16
CalPERS Board, General Counsel Illegally Silence Naked Capitalism Even as We Try to Help
CalPERS’ general counsel lied obviously and casually to the board, a sign of a deeply diseased institutional culture.
Read more...Corporate Tax Cuts: More Debunking of the Claim that They Spur Growth
Contrary to aggressive corporate PR, why corporate tax cuts do not promote investment in projects that promote growth.
Read more...Back to the Future? Lessons on Inequality, Labor Markets, and Conflict from the Gilded Age
Warning to capitalists: the high levels of inequality of the deregulated Gilded Age led to concerted and effective pushback by workers.
Read more...Links 8/23/16
Trickle Down Election Economics: How Big Money Can Affect Small Races
Billionaires are targeting key state races.
Read more...Revealed: ECB Secretly Hands Cash to Select Corporations
Is the ECB’s latest bond-buying program creating corporate winners and losers?
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