What We Are Reading Today: ‘The Economics of Over-the-Counter Markets’

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Updated 16 April 2025
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What We Are Reading Today: ‘The Economics of Over-the-Counter Markets’

Authors: Julien Hugonnier, Benjamin Lester, And Pierre-Olivier Weill

Many of the largest financial markets in the world do not organize trade through an exchange but rather operate within a decentralized or over-the-counter structure.

Understanding how these markets work has become increasingly important in recent years, as illiquidity in certain OTC markets has appeared as the first signs of trouble—if not the cause itself—of the past two financial crises.


What We Are Reading Today: Origins of the Just War

Updated 06 February 2026
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What We Are Reading Today: Origins of the Just War

“Origins of the Just War” reveals the incredible richness and complexity of ethical thought about war in the three millennia preceding the Greco-Roman period, establishing the extent to which ancient just war thought prefigured much of what we now consider to be the building blocks of the Western just war tradition. 

In this book, Rory Cox traces the earliest ideas concerning the complex relationship between war, ethics and justice. He shows that the history of the just war is considerably more ancient and geographically diffuse than previously assumed.