Akrasia

Nate Oman’s personal blog

Hayek, the True Sale Doctrine, and the Origins of the Financial Crisis

Nate Oman | March 31, 2009

Here is my theory du jour about the origins of the financial crisis, suggested by one of my students: blame it all on the true sale doctrine or rather on its evisceration.  Stick with me to the end, and I have some overly broad generalizations about expertise, property rights, and Hayek. 
The “true sale doctrine” is [...]

Salon Loves Me…

Nate Oman | March 30, 2009

…or at least they liked my Co-op post on A Merchant of Venice. Cool.

The Bard of the Financial Crisis

Nate Oman | March 24, 2009

Over the weekend, I re-read A Merchant of Venice, and I was struck by the fact that Shakespeare manages to include in the play virtually every element of the current financial crisis. Scene one begins with a discussion of risk assessment, and Antonio’s belief that he has managed to tame the vagaries of commercial fate [...]