international monetary fund

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    • 1.

      The Economics Of Expectations


      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...
    • 2.

      A Note On Resistance To Learning


      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...
    • 3.

      Can Gross Domestic Product (gdp) Figures Be Trusted?


      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 +...
    • 4.

      The Rule Of Law, Discrimination, And Morality


      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...
    • 5.

      Exclusionary Ideas Of Progress


      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...
    • 6.

      The Poor Nation's Defense Mechanisms


      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 ...
    • 7.

      Behind the Scenes


      by Ernie Fitzpatrick - 2008-11-15
      The Bush presidency has gone from lame duck to cooked goose. It happens to every second term and sometimes first term incumbent presidents. They are written off as gone, done, over with and no longer...
    • 8.

      Why All The Stock Exchanges Collapsed


      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...
    • 9.

      The Shifting Sands Of Finance Lingo


      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...
    • 10.

      Notes On The Credit Crisis Of 2007-9


      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...