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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.

      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...
    • 8.

      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...
    • 9.

      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...
    • 10.

      How The East Will Ruin The West


      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...