After the creation of credit by banks, the birth of the bond was the second great revolution in the ascent of money.
The essence of policy is its contingency; its success depends on the correctness of an estimate which is in part conjectural. The essence of bureaucracy is its quest for safety; its success is calcula...
Even if, as seems likely, Islamic State is defeated in Iraq and Syria, its network in cyberspace and in the West will live on, a toxic milieu where the memes of dawa can breed, converting one loser af...
Americans could once boast proudly that their system set the benchmark for the world; the United States was the rule of law. But now what we see is the rule of lawyers, which is something different.
A typical contract in the archives of the merchant Francesco Datini (c. 1335-1410) stipulates that the insurers agree to assume the risks ‘of God, of the sea, of men of war, of fire, of jettison, of d...