The Curse of Globalization

I am living in Puch near Weiz, a small village in Styria. Some tourists who spend their holidays here will describe the place as dreamy, although local people are by no means idle dreamers, but hard-working men and women. The Curse of Globalization weiterlesen

Transatlantic pundits

During the twenties of the last century Irving Fisher was an acclaimed economist, comparable only to Paul Samuelson or Joseph Stiglitz in our time. Like virtually all economists of international repute, he tended to be wrong – indeed fundamentally so. As late as October 1929, he reassured investors with his prophecy that their money would be perfectly secure in Wall Street. A few days later the world was horrified by Black Friday. (1) Transatlantic pundits weiterlesen