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Historian/teacher/editor. Author PROGRESSIVE INEQUALITY.
US history, class, labor, NYC, US/UK life & political economy.
Nov 2 • 4 tweets • 2 min read
Given the volume of extant scholarship and journalism on the administrative and legal dismantling of faculty governance for decades, this is would be an embarrassing story to publish in a high school newspaper.
Oh, look, a sardonic caricature of workplace democracy from nameless “critics” who prefer the ease of authoritarianism.
Print it! says the newspaper facing a possible strike of its own workers next week.
This piece is fun and fascinating, but its history is off the mark.
Bachelier's "Theory of Speculation" (1900) didn't inspire the modern hedge fund, even if it came to inform some funds' investment strategies.
The real story is wilder.🧵 1/9 newyorker.com/culture/cultur…
The first modern hedge fund arrived on the scene in 1949--decades before the reanimation of Bachelier in the 1970s.
Its "proposition” wasn’t so crass as “profit at all prices.”