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. The Weakness of Conventional Fiscal Policy
The main problem the economy faces is the high level of unemployment (particularly amongst young and less-skilled workers); other factors are secondary. Policy will only be effective if it targets the pace of job growth.The Great Chinese Exodus
China's communist revolution was led, after all, by intellectuals schooled in Europe. What's new is that they are planning to leave the country in its ascendancy. More and more talented Chinese are looking at the upward trajectory of this emerging superpower and deciding, nevertheless, that they're better off elsewhere.Book review: Investing the Templeton Way
If you invest in a single country, there could be prolonged periods during which that market remains stagnant. Instead of suffering poor returns in one market, one can earn more balanced returns by investing in several. Book Review: Investor Behavior
The book covers most areas of behavioral finance, however, it does it in an academic way. The book would be ideal for academics and those that appreciate an academic approach to finance, that want to have a taste of many different areas of behavioral finance.Mining boom makes little sense
Conventional economic analysis assumes the behaviour of businesses is always rational but, in reality, the booms and busts that cause the ups and downs of the business cycle are driven by emotion more than rational calculation: unwarranted optimism, greed, impatience, short-sightedness and herd behaviour.Data, analytics and technology: Core strategic enablers
The universal importance of good data and information management across the business operating model places a huge premium on the ability to collect, aggregate and analyze data to create a “single view of the truth”: one complete and internally consistent data and information resource which can satisfy all needs. Greenspan’s ‘uncertainty principle’ and the evolution of Fedspeak
It’s not surprising that what central bankers do is closely followed. After all, interest rates have a big effect on economic activity, a range of different markets, and investment strategies.Barry Ritholtz: Time, not timing, key to investing success
Short-term moves in and out of the market don't matter nearly as much if you have a long-time horizon. Thinking long-term increases your probability for success in the stock market while the day-to-day noise gets drowned out by discipline and compound interest.Why 'buy and hold' isn't as good a strategy as timely churning of portfolios
Fund flows from foreign institutional investors continue unabated, mostly because they are shifting from other countries like Russia and China to India. What Is the Rate of Return on the Louisiana Purchase?
While most countries throughout history expanded their frontiers through peaceful trade or the spoils of war, the United States purchased much of its land, mostly from foreign governments. You Can't Have Capitalism without Racism
We must also understand that neither the Democrats or Republicans represent the interests of ordinary workers. Both of these parties are bought-and-paid-for by big business.