Edward Hadas

Greece, China and financial failure

By Edward Hadas
July 15, 2015

When an economy goes wrong, look for a financial problem. That’s the lesson from the seemingly endless Greek crisis and the boom and recent bust in Chinese stocks.

Economists overvalue stock markets

By Edward Hadas
October 31, 2013

Is it possible to construct portfolios which perform better than the overall stock market? Two of the three recipients of the latest Nobel prize in economics have tried to answer that question. Roughly speaking, Eugene Fama said that all efforts are in vain, while Robert Shiller said that they are not.

The menace of financial markets

By Edward Hadas
February 20, 2013

Financial markets are unstable, unhelpful and often immoral. They should be kept under better control.