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Focal Points
More Mind, Matter & Politics commentaries
More Mind, Matter & Politics commentaries
More Mind, Matter & Politics commentaries
More Economists' Club commentaries
More Mind, Matter & Politics commentaries
More Mind, Matter & Politics commentaries
SHANGHAI – When you think about centers of technological innovation, Silicon Valley, Seattle, and Seoul are probably the firs…
PARIS – At the end of 2011, sovereign-wealth funds’ assets under management amounted to $3 trillion, following 237 direct inv…
ISTANBUL – A simplistic (actually, naive) view of markets is that they exist almost in a “state of nature,” and that the best…
CAMBRIDGE – When the stakes are high, it is no surprise that battling political opponents use whatever support they can garne…
ROME – In early 2012, outgoing World Bank President Robert Zoellick announced that the Millennium Development Goal of halving…
LONDON – Since the 1970’s, economists have warned that a monetary union could not be sustained without a fiscal union. But th…
BRUSSELS – The most visible symptom of the crisis in the eurozone has been the high and variable risk premiums that its perip…
"Germany's Choice" by George SorosFRANKFURT – The euro crisis has already transformed the European Union from a voluntary ass…
SEATTLE – Even in good financial times, development aid budgets are hardly overflowing. Government leaders and donors must ma…
NEW YORK – The United States Supreme Court recently began deliberations in a case that highlights a deeply problematic issue …
EDMONTON – Calm discussion of the environment nowadays is about as plausible as reasoned dialog…
CHICAGO – How long does it take to mourn the death of a loved one? The question is peculiar, ev…
PRINCETON – What began in Syria as a revolt against an oppressive regime has evolved into a sec…
NEW DELHI – The overwhelming victory of the Indian National Congress in elections in the import…
BRUSSELS – The recent abductions of Syriac Orthodox Archbishop Yohanna Ibrahim and his Greek Or…
WASHINGTON, DC – The rocket strikes that a militant Islamist group recently fired from the Egyp…
PARIS – “If the law supposes that,” says Mr. Bumble in Oliver Twist, “the law is a ass – a idio…
PRINCETON – When Radosław Sikorski, Poland’s foreign minister, went to Ukraine for talks last m…
VIRGINIA BEACH – Last year, the Nobel Prize in Medicine was awarded for a discovery that took 4…
OXFORD – The wave of revolts that swept across the Arab world two years ago were fueled by dema…

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Milton Friedman’s Magical Thinking
Michael Belzer: An historical error here. Jimmy Carter was president in 1980. He brought Prof. Alfred Kahn from Cornell into the government as his "inflation czar" in 1977, and Fred Kahn turned the regulatory ship, …
Will Programmers Rule?
Karthik M: Oh yes! Everything depends on luck. Thank you for that Mr. Raghuram. How much do we owe you for this?