2016, Pp. 340-355 in The Global Financial Crisis: Hidden Factors in the Meltdown, Tassos Malliaris, Leslie Shaw and Hersh Shefrin (Eds.), Oxford University Press.
This paper examines financial fraud as a manifestation of power by elites. The perspective is historical, going back to the 18th century, but the emphasis is on the 2008 global financial crisis and its sources.