Liberals | Le·gal In·sur·rec·tion - Part 28
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Posted by William A. Jacobson on November 03, 2008 0 Comments

Robert Shiller's recent article, Challenging the Crowd in Whispers, Not Shouts, addresses the phenomenon of Groupthink in understanding speculative economic bubbles. Groupthink is a concept developed by Yale psychologist Irving L. Janis to understand why "experts" fail to speak out publicly to warn that the...

Posted by William A. Jacobson on October 12, 2008 13 Comments

The presidential election of 2008 is still three weeks away. By all likely measures, Barack Obama will win. It's not a foregone conclusion, but a strong likelihood.Many people point to the recent economic turmoil as the reason for Obama's rise. In the short run, that...