Author Archives: Lambert Strether

About Lambert Strether

Lambert Strether has been blogging, managing online communities, and doing system administration 24/7 since 2003, in Drupal and WordPress. Besides political economy and the political scene, he blogs about rhetoric, software engineering, permaculture, history, literature, local politics, international travel, food, and fixing stuff around the house. The nom de plume “Lambert Strether” comes from Henry James’s The Ambassadors: “Live all you can. It’s a mistake not to.” You can follow him on Twitter at @lambertstrether.

Richard Richard Wolff on Jobs Now, and David Cay Johnson and Jobs Then

By Lambert Strether of Corrente. Typically, when we post a video, we post only one. But I felt these two posts were more powerful combined than separately. First, Richard Richard Wolff, in 38% of American Workforce Still Jobless. Wolff is a Professor of Economics Emeritus at the University of Massachusetts, Amherst, and currently a Visiting […]


Market Liquidity in Liquid Markets: Pitfalls and Trends

Market liquidity is all about smooth and rapid executions of large transactions. But why is it hard to keep big markets liquid? This column looks at liquidity in fixed-income markets, assesses new trends (as well as the EU’s new market instrument rules), and makes recommendations to policymakers to avoid illiquidity – a timely reminder that the social costs of illiquidity should not be underestimated.