Sabotage by Anastasia Nesvetailova and Ronen Palan review – the business of finance

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Is financial malpractice an aberration or built into the system? This is enraging, essential reading

For guidance, they go back to the 19th century, to the original gilded age, and the work of, the American economist who looked at the way businesses made profits. His work was highly empirical, rather than theoretical, and thus avoided the politics-in-scientific-clothing “mathiness” which has rather blighted economics in the last half-century.

 

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