There aren't many people who really put their life on the line for human freedom.
Collateralized debt obligations (CDOs)
Ashkenazi
The debate that I'm interested in having is with seriously smart people about how we design institutions in the 21st century that will genuinely address problems of poverty and educational underachiev...
Money, it is conventional to argue, is a medium of exchange, which has the advantage of eliminating inefficiencies of barter; a unit of account, which facilitates valuation and calculation; and a stor...
Bringing an ‘emerging market’ under the aegis of the British Empire was the surest way to remove political risk from investors’ concerns.51 Even those outside the Empire risked a visit from a gunboat...
So much of liberalism in its classical sense is taken for granted in the west today and even disrespected. We take freedom for granted, and because of this we don't understand how incredibly vulnerabl...
There was an orgy of vandalism and looting,
Extravagant generosity with other people’s money.
Billions of things linked to one another in myriad ways
If the financial system has a defect, it is that it reflects and magnifies what we human beings are like. Money amplifies our tendency to overreact, to swing from exuberance when things are going well...
Fin-de-siècle
Today, banking assets (that is, loans) in the world’s major economies are equivalent to around 150 per cent of those countries’ combined GDP.
Balkan Wars
Networks tend to be more creative than hierarchies
Financial contracts known as options. In essence, the buyer of a call option has the right, but not the obligation, to buy an agreed quantity of a particular commodity or financial asset from the sell...
Who killed Christianity in Europe? Was it, as (Max) Weber himself predicted, that the spirit of capitalism was bound to destroy the Protestant ethic parents, as materialism corrupted the original aest...
The unexpectedness of war
Striving to be a master of the universe
Recondite.