Counterparties

By Felix Salmon
November 18, 2009
NYT

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Hipsters discussing Cyclocross — Xtra Normal

Get an email per week from Maria Bartiromo for only $300! — Investor Place

Conversion Closing Rap — YouTube

Baumkuchen is my favorite cake ever! So it’s sad the article on it isn’t online. But the summary is great — TNY

NFL stadium sells for less than the cost of a Manhattan 1BR — Bloomberg

Brooklyn Chef Goes Ballistic, Throws Live Lobster on Patrons — Eater

Who sold credit protection on AIG to Goldman Sachs? They’re a huge and unknown beneficiary of the bailout — NYT

Is there anything Marc Faber won’t say to get more media attention? — JRE

How do senators place a hold on a nominee? By sending a press release to the NYT! — Newsweek

Qaddafi and the Italian models — NYT

Josh Tyrangiel to BusinessWeek: another sign that Bloomberg’s determined to go mainstream — BW

The Paul Wilmott magic show has disappeared! Or never appeared in the first place! — Wilmott

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Adam Smith in Ten Minutes

http://www.gla.ac.uk/about/history/fame/ adamsmith/

Emphasizing the connections between “The Theory of moral Sentiments” and “The Wealth of Nations.”

The Moral Sentiments is a leading example of a particular approach to moral philosophy – one that regards it not as sets of rationally or Divine ordained prescriptions but as the interaction of human feelings, emotions or sentiments in the real settings of human life. In many ways it is a book of social and moral psychology. What we can call economic behaviour is necessarily situated in a moral context. But more than that the key theme of the book is an opposition to the view that all morality or virtue is reducible to self-interest. Indeed his opening sentence declares that everyday human experience proves that false, he writes: “How selfish soever a man may be supposed, there are evidently some principles in his nature which interest him in the fortune of others, and render their happiness necessary to him, though he derive nothing from it except the pleasure of seeing it”.

Via Mark Thoma (http://economistsview.typepad.com/econo mistsview/2009/11/the-very-best-short-su mmary-of-adam-smiths-life-and-work.html) and Gavin Kennedy (http://adamsmithslostlegacy.com/2009/11  /very-best-short-summary-of-adam-smiths .html).

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