Risk Management, Financial Crisis, and Liberty


This was a conference on risk and uncertainty in financial markets and the problems they create for an open society in which financial markets are conspicuously present.


Conference Readings

Crouhy, Michel, Dan Galai, and Robert Mark. The Essentials of Risk Management. New York City: The McGraw-Hill Companies, Inc., 2006.

Fox, Justin. The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street. New York City: Harper Business, 2011.

Friedman, Jeffrey and Wladimir Kraus. Engineering the Financial Crisis: Systemic Risk and the Failure of Regulation. Philadelphia: University of Pennsylvania Press, 2011.

Huerta de Soto, Jesus. Socialism, Economic Calculation and Entrepreneurship. Northamption: Edward Elgar Publishing, Inc., 2010.

Jorion, Philippe. Value at Risk: The New Benchmark for Managing Financial Risk. New York City: The McGraw-Hill Companies, Inc., 2007.

Jorion, Philippe and Nassim Taleb. “The Jorion-Taleb Debate.” (April): 1-7.

Knight, Frank H. Risk, Uncertainty and Profit. Boston: Houghton Mifflin Company, 2012.

Mandelbrot, Benoit and Richard L. Hudson. The (mis)Behavior of Markets: A Fractal View of Financial Turbulence. New York City: Basic Books, 2006.

Mises, Ludwig von. Human Action: A Treatise on Economics, Volume 1. Edited by Bettina Bien Greaves. Indianapolis: Liberty Fund, 2007.

O’Driscoll, Gerald P., Jr. and Mario J. Rizzo. The Economics of Time and Ignorance. New York: Routledge, 1996.

Triana, Pablo. The Number That Killed Us: A Story of Modern Banking, Flawed Mathematics, and a Big Financial Crisis. Hoboken: John Wiley & Sons, Inc., 2012.