Peter Leeson explains why we should let some firms go belly up: The benefits of failure.
ABC Radio has this podcast by Stephen Crittenden about the role of Harvard MBAs in the crisis. MBA, it’s being said, can also stand for ‘Mediocre but Arrogant’, ‘Mostly Bloody Awful’ or ‘Management by Accident’.
Fresh Air: The term “populist” has been heavily used by the media lately, most often coupled with “rage,” but also with “AIG” and “pitchfork.” Linguist Geoff Nunberg traces the roots of the term and considers its current usage.
The New Scientist has a feature about what science can tell us about the credit crunch – and how to solve it – Why money messes with your mind.
As Twitter-mania reaches new levels, Slate V presents a mockumentary, Flutter: The New Twitter about a company that wants to take microblogging to the next level.