How A Handful Of Unsupervised MIT Economists Run The World - By Tyler Durden (14/12/12) PDF Print E-mail
Tyler Durden   
Friday, 14 December 2012 08:45

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HSBC, Too Big To Jail, And The US Two-Tiered Justice System - By Glenn Greenwald (13/12/12) PDF Print E-mail
Glenn Greenwald   
Thursday, 13 December 2012 09:52

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Why Developed Economies Are Suffering - By Kenneth Rogoff (13/12/12) PDF Print E-mail
Kenneth Rogoff   
Thursday, 13 December 2012 09:48

Rediff .com
 
As one year of sluggish growth spills into the next, there is growing debate about what to expect over the coming decades. Was the global financial crisis a harsh but transitory setback to advanced-country growth, or did it expose a deeper long-term malaise?

Recently, a few writers, including internet entrepreneur Peter Thiel and political activist and former world chess champion Garry Kasparov, have espoused a fairly radical interpretation of the slowdown.

In a forthcoming book, they argue that the collapse of advanced-country growth is not merely a result of the financial crisis; at its root, they argue, these countries' weakness reflects secular stagnation in technology and innovation. As such, they are unlikely to see any sustained pickup in productivity growth without radical changes in innovation policy.

Economist Robert Gordon takes this idea even further. He argues that the period of rapid technological progress that followed the Industrial Revolution may prove to be a 250-year exception to the rule of stagnation in human history.



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The Gold Market - Seen Through A Glass Darkly - By Darryl Robert Schoon (13/12/12) PDF Print E-mail
Darryl Robert Schoon   
Thursday, 13 December 2012 09:42

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Golden Pasts & Futures - By Satyajit Das (13/12/12) PDF Print E-mail
Satyajit Das   
Thursday, 13 December 2012 09:41

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