When Fragile Become Friable: Endemic Control Fraud As a Cause of Economic Stagnation and Collapse

[Fumesucker]

Interesting scientific paper in economics..

Sorry about the formatting, I couldn't find an easy way to convert the pdf file to text so I just captured images and posted them.

http://law.fordham.edu/assets/CorporateCenter/Black_-_Fragile_becomes_Friable.pdf





More at the link..

[pscot]

1. Great find

It's about time someone hung a bell on this cat.

[anigbrowl]

2. Good paper, well worth the read

You might also find this interesting: http://www.bepress.com/ev/vol4/iss2/art3/

(Free registration required)

It's an economics paper about the share of GDP wasted on private (non-police) security as a function of economic inequality. In short, the less evenly distributed the wealth, the more money is wasted on security guards to protect it.

[Fumesucker]

3. I'm not sure if I've read that particular paper but I've definitely heard that meme before..

After all, Scrooge McDuck needs lots of guards for his Money Bin, eh?

[anigbrowl]

4. Yup. This particular one got a lot of attention among economists

and has the added merit of being very well written, rather than in dense academic language.

[izquierdista]

5. For those who don't want to read...

you can hear most of it on this week's edition of Bill Moyers Journal: http://www.pbs.org/moyers/journal/04232010/watch.html

[chill_wind]

6. K & R. n/t