Report February 1999

Jeffrey G. Madrick talks with Levy Institute Vice Chairman Leon Levy about hedge funds’ influence over financial markets, and what went wrong with Long-Term Capital.

Contents: Hedge Fund Mysteries: An Interview with Leon Levy by Jeffrey Madrick * New Working Paper topics include: Modern Money * Government Spending and Growth Cycles * The Minimum Wage in Historical Perspective * An Irreverent Overview of the History of Money * Levy Institute News: Lectures on Strategic Prospects for the US and World Economies * The Asian Financial Turmoil * Do Employees Behave the Way Economists Think They Do?