Download: PDF | EPUB The rich get richer . It’s a phrase that packs a lot of punch. It’s potent rhetoric, yet surprisingly accurate at describing how rising inequality plays out. Of course, there’s nothing inevitable about the rich getting richer. We just happen to live in an age of growing corporate despotism. And our friends at Forbes have been there to document the disease. Forbes . Forbes who loves the free market.
Download: PDF | EPUB Have you ever wondered what it takes to become a billionaire? Do you need rare genius? Exceptional acumen? Miraculous foresight? An uncompromising work ethic? On all four counts, the answer is no. It turns out that to become a billionaire, what you really need is the right social setting . You need to live in a society that is suitably rich and appropriately unequal.
I started this website some time ago with the aim of writing down the expansion of my knowledge and experience in the area of financial risk management. And also other things like programming with R, econometric modeling and a little about data science and machine learning . So I’m going to use this publication as a starting point, and start discussing texts and examples applied to financial risks.
DT Cochrane and I look at the network of corporate power behind Canada’s richest families.
Having decided to improve my skills in the short space of time left between my professional life and personal life, I started researching the available data science options.
With my postdoctoral fellowship wrapping up, I muse about what comes next.
I’m sick of the AI hype and scaremongering. The idea that AI could take over the world is laughable.
Twitter trolls don’t think much of my chart relating income inequality to murder rates. Here’s a detailed response.
How do you tell the story of plutocratic crime? If you’re Cory Doctorow, you write a detective novel about a forensic accountant. It’s a must-read book that sheds light on the often-ignored world of elite finance.
Nitzan and Bichler show that the ratio of net interest to profit is strongly related to the rate of unemployment. Here’s my take on their research, along with some data updates.