When economists talk economics, some of them talk rubbish. Few mean it as plainly, as directly, as Alexi Savov [pictured here]. Savov wrote a study called Asset Pricing with Garbage, which filled 24 pages of the Journal of Finance early in 2011. To Savov, garbage is valuable not only for its own worth, but because, in […]
Tag: economist
An economist who relishes the concept of corruption
Steven Ng-Sheong Cheung, because of his adventure with the legal system – not despite it – sets a high standard for economists. The economics profession is often accused of concocting clever theories that don’t resonate in the lives of real people. Professor Cheung devised a theory about man’s struggle with corruption and governments. He wrote about his […]