Written By: r0b - Date published: 3:15 pm, July 6th, 2010 - 14 comments
Economists, bankers, Treasury officials, financial wizards of various kinds, they like to pretend that they know what they’re talking about. All too often they don’t. Predicting the behaviour of complex systems is hard. Consider for example, the big banks’ predictions on the winner of the Football World Cup…
The current rise of populism challenges the way we think about people’s relationship to the economy.We seem to be entering an era of populism, in which leadership in a democracy is based on preferences of the population which do not seem entirely rational nor serving their longer interests. ...
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