Posts Tagged ‘market system’

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    Time Matters

    Aug 25, 11 • 385 Views • 1 Comment

    Faster people tend to live in wealthier nations. According to psychologist Robert Levine, cultures with faster walkers probably have more people, a cooler climate, a “vital economy” and they value individualism. Measuring “tempo” in 31......  [read more]

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    Chinese Basketball and Adam Smith

    Jul 21, 11 • 446 Views • No Comments

    It is called the “womb to tomb model.” Selected as young children because of their exceptional height, future Chinese basketball players are educated separately. Whereas traditional Chinese schools have few, if any, extracurricular activities,......  [read more]

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    Should We Miss Larry Summers?

    Sep 24, 10 • 324 Views • No Comments

    As you know, Larry Summers, chair of the National Economic Council, former president of Harvard, former Treasury Secretary, former chief economist at the World Bank, and Harvard professor, is leaving the Obama economic team. But what did he bring? You might......  [read more]

  • Government Rules

    Aug 1, 10 • 436 Views • No Comments

    What is a “systemically important” financial institution? 2300 pages of financial regulation do not specifically tell us. Instead,regulatory agencies will have to decide. One study indicated that implementing new Dodd-Frank financial......  [read more]

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    Grading North Korea

    Jun 11, 10 • 410 Views • No Comments

    Just like teachers, the writers of the Index of Economic Freedom give grades. Instead of students, though, countries receive their grades after being “tested” on such economic issues as starting a business, tax policy, and private property.......  [read more]