PRICE DISCOVERY, MARKET COMPLETION AND OTHER FANTASIES OF ECONOMISTS

Jay OwenReforming Global Finance

PRICE DISCOVERY, MARKET COMPLETION AND OTHER FANTASIES OF ECONOMISTS By Hazel Henderson © 2013, for IPS Syndication Service While debating a high frequency trader (HFT) recently, I encountered the familiar rationalizations that HFT contributes to liquidity and price discovery in markets.  Assertions about liquidity are hard to justify after the …

Measuring the Sustainability of Business: From Economism To Earth Systems Science

Jay OwenEarth Systems Science, Articles by Hazel Henderson

By Hazel Henderson When US astronaut Dr. Sally Ride returned from her space trip in 1983, she exclaimed that NASA should have a Mission To Planet Earth! This led to NASA’s “Earth”, an ongoing program of research into how our planet functions based on Earth Systems Science. I was a science …