Assorted links

1. Why are gamblers hard to study?

2. Islamic derivatives.

3. "In defense of much, but not all, financial innovation"; a very good new paper by Bob Litan.  See pp.3-4 for a summary or here is the executive summary.

4. What does it cost to create a new job?

5. Markets in everything: cremation that looks good.  This is one of my favorite recent articles.

6. Cartoons from the financial crisis of 1720.


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