microeconomics
microeconomics
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1.
by Sam Vaknin - 2007-04-12
Economies revolve around and are determined by "anchors": stores of value that assume pivotal roles and lend character to transactions and economic players alike. Well into the 19 century, tangible as...
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2.
by Sam Vaknin - 2007-04-12
The denizens of the Balkans resist learning. They reject newfangled knowledge not because they are traditionalists - but because they are craven and because they are pragmatic. Craven first:In the par...
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3.
by Sam Vaknin - 2007-06-21
GDP (Gross Domestic Product)The formula to calculate GDP is this:GDP (Gross Domestic Product) =Consumption + investment + government expenditure + net exports (exports minus imports) = Wages + rents +...
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4.
by Sam Vaknin - 2007-06-29
In an article titled "Places Far Away, Places Very near - Mauthausen, the Camps of the Shoah, and the Bystanders" (published in Michael Berenbaum and Abraham J. Peck (eds.) - The Holocaust and History...
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5.
by Sam Vaknin - 2007-07-13
Communism, Fascism, Nazism, and Religious Fundamentalism are as utopian as the classical Idea of Progress, which is most strongly reified by Western science and liberal democracy. All four illiberal i...
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6.
by Sam Vaknin - 2007-07-13
All the countries in the mutilated post-Communist parts of Europe inevitably ended up poor. Yet, as opposed to their neighbors, some polities failed to alleviate their misery or ameliorate their dire ...
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7.
by Sam Vaknin - 2008-12-09
In the wake of the global credit crunch, stock exchanges throughout the world collapsed in tandem. Why? 1. All of them - from the mighty Wall Street to the puny Macedonian Stock Exchange - have come t...
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8.
by Sam Vaknin - 2008-12-09
In 1976, the word "subprime" used to mean: a loan offered to desirable, creditworthy clients with its interest rate set below the prime rate. Within less than 15 years it came to be defined by this ar...
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9.
by Sam Vaknin - 2008-12-09
The global crisis of 2007-9 was, actually, a confluence of unrelated problems on three continents. In the United States, investment banks were brought down by hyper-leveraged investments in ill-unders...
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10.
by Sam Vaknin - 2008-12-09
Car repossessions are up 25% in Romania, as the members of a newly-minted class of consumers are unable to meet their obligations. Austrian, Greek, Swedish, and German banks are exposed to default ris...
