Sending Money Home: Technology or Bureaucracy?
Some of the world’s poorest people depend on the money they receive from relatives working in developed countries. In fact, this money dwarfs the world’s official foreign aid budget, and the gap is increasing.Capitalism: The worst economic system, except for all the others
Capitalism is no different from anything else in this world. It is imperfect because imperfect men created it. Humans are not perfect, nor are they capable of perfection. Avarice and greed are not unique to capitalism. 'Secular Stagnation' May Be for Real
A growing number of macroeconomists, led by former Treasury Secretary Lawrence Summers, have begun questioning whether a return to past growth rates is feasible. We may be facing, they suggest, a structural change in the global economy that makes slower growth in developed economies—"secular stagnation"—the rule, not a transient aberration.Are we overthinking everything in finance?
Humility about the lack of our collective understanding of our world is the quickest and most honest way to a higher understanding and a better future.Wisdom from one of the world’s richest man
Warren Buffett’s sayings are smart, wise, helpful and practical; they cover a wide range of topics including investing, business management, mistakes to avoid and the folly of greed to name but a few. Each aphorism is followed with a useful interpretation which opens the door for further exploration. The Secret to Profitable Investing: Why Moats Matter
Morningstar analysts David Wang and Elizabeth Collins explain why it matters to find stocks with a strong competitive advantage over their peers.Capitalism is dead, long live capitalism
As more companies wake up to their social and environmental responsibilities, it's fair to say that a more compassionate and moral capitalism is emerging. India Hedge Funds Are World’s Best Performer on ‘Modi, the Hero’
Hedge funds investing in India have become the world’s best performers this year on expectations that Prime Minister Narendra Modi will revive Asia’s third-largest economy.Blaming That Cold Weather Culprit
While weather may affect the economy, the recent contraction has little to do with winter’s bitter cold; the US economy is far too diverse and complex. Instead, we are witnessing the ongoing effects of failed monetary and fiscal policies. Book Review: The Undercover Economist Strikes Back
The book is organised with one main topic per chapter, although the history of Bill Phillips is woven as a human interest piece throughout the text. His personal history is discussed, as well as the development of his hydraulic economic computer and the famed Phillips Curve.The End of Medieval Economics: How American Theologians and Merchants Abandoned Aristotle and Invented Capitalism
While Aristotle made genuine advances in almost every field in comparison with what had come before him, his great genius became a kind of new authority, a dead hand of tradition which held Europe back from progress in many disciplines.Economists are morally superior beings, scientifically proven that is
Does an economics education affect an individual’s behavior? It is unclear whether differences in behavior are due to the education or whether those who choose to study economics are different.Foreword to the Russian Revolution and the Unfinished Twentieth Century
What we may be witnessing is not just the end of the Cold War, or the passing of a particular period of post-war history, but the end of history as such: that is, the end point of mankind’s ideological evolution and the universalization of Western liberal democracy as the final form of human government.The Small Investor’s Secret to Beating the Global Financial Crisis
With comparable numbers like these, the petrified share market participant may be compelled to try his hand in waiting for the next recession in order to achieve better returns.Hare v tortoise — what type of investor are you?
Experienced investors, analysts and economists will argue the side of both strategies — the fastest route may prove very costly but when time is short, a slow pace may never get you there.A Nation of Shopkeepers
Over the last 200 years, the ways scholars have looked at Adam Smith have changed. There have been Adam Smith fads. While the fact is not much discussed in modern-day polite society, Smith was a clear influence on Hegel, who of course informed Marx.Hussman Weekly Market Comment: Broken Links: Fed Policy and the Growing Gap Between Wall Street and Main Street
Before the 15th century, people gazed at the sky, and believed that other planets would move around the Earth, stop, move backwards for a bit, and then move forward again. Their model of the world – that the Earth was the center of the universe – was the source of this confusion. A Lesson in Economic Analysis from the Minimum Wage Debate
What is it that we really want to know about the effect of a minimum wage increase? We want to know what would have happened in the states affected by the law had that law not been passed, versus what did happen in the presence of the law. Lesson from Old India: When an Economy Just Doesn’t Get Better
While the data is fragmentary, the best estimates show that India’s living standards declined through the middle of the 19th century and that its economy retrogressed, even as it borrowed some technological improvements from the West.Digitizing oil and gas production
The rapid progress of technology such as big data and analytics, sensors, and control systems offers oil and gas companies the chance to automate high-cost, dangerous, or error-prone tasks.