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...
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...
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 +...
Tony Blair had started his new job as special envoy for the Quartet - America, Russia, the European Union, and the United Nations - even before he had been appointed.He affirmed the Quartet's mantra t...
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...
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...
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 ...
There is no denying the fact that the International Bank for Reconstruction and Development, which can be expressed as the decision-making body of global capitalist system, was in a good shape in pre...
Firstly we must appreciate the fact that the Nigerian economy is not only facing decline but have brought untold hardship to the citizens of the country, even then the economic situation of the count...
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...