What's happening in sports betting now is an even stupider version of what happened in banking and investing in the 80s/90s: regulatory arbitrage that in theory offers better consumer prices and choices but ultimately fuels social and economic instability. www.wsj.com/finance/kals...

Harry Braverman really did anticipate the dynamics that drive AI, the separation between conception and execution becoming so complete that no human is needed for the latter

New #awarded #research in #bizhis Take a look at 🧵 @hagleycenter.bsky.social @gnvbusinesshistory.bsky.social @repec-nep-his.bsky.social @businesshistory.bsky.social @womenknowhistory.bsky.social @historians.org @financialtimes.com @financewatch.bsky.social

An example of what's missing in our accounts of financialization and deregulation: an explanation of why Wall Street's #1 political priority in the 1980s is _defending_ Glass-Steagall.

Thrilled to announce that I've been awarded the 2025 John E. Rovensky Fellowship in US Business and Economic History from the University of Illinois Foundation and @businesshistoryc.bsky.social!

This is insulting, he should settle for nothing less than Ambassador to Turkey

If you're interested in a preview of my dissertation project: "Wall Street’s role isn’t just about markets...It’s about legitimacy, about how the government tries to deliver economic security without doing it directly.” global.columbia.edu/news/how-wal...

TIL the turn to cash flow vs profits in accounting and finance really began after the collapse of Penn Central

I think my teaching in the age of AI position is basically "wax on, wax off": forcing students to arbitrarily work without AI (ie blue books) forces them to learn valuable, lifelong skills (ie critical reasoning) that they would/could not otherwise. It's about karate, not waxing.

It’s very illuminating that the 2008 financial crisis was driven by the collapse in asset-backed securities, the most “safe” and “real” financial assets, backed by actual cash flows (ie mortgage payments) and even physical assets (homes). The opposite of crypto, or ‘00 dot-com 1/

Anyone interested in joining a roundtable on new directions in the history of US economic thought at the S-USIH conference in Detroit this November? Feel free to share with anyone interested, email [email protected]

Trump and Musk are unfortunately operating in the Goldilocks zone for right wing politics: cutting the administrative state as much as possible without spooking Wall Street (which depends on predictable expectations) and triggering economic chaos and a mass streets opposition