Brexit shows the primacy of politics and emotion over economic rational calculation. It is very difficult to understand the decision of British people otherwise. Britain, or what would be left of it after potential secession by Scotland and Northern Ireland, is likely to become a less open economy with a long-term decrease in productivity potentially. […]
June 23rd marks the end of a European era. There are various reasons the United Kingdom is calling for a referendum. But are they really worth breaking up with the European Union? Brexit will leave us all in a weaker position. Find out why.
One of the most remarkable economic events in the past two years occurred in the global crude oil market. The price per barrel dropped from $114 in June 2014 to $28 this past January. There are two main drivers for this dramatic fall in oil price: The technological innovation related to the extraction of shale […]
Donald Trump victories in the primary process make him the frontrunner for the republican nomination. He often brags about his business success, his net worth, and his negotiating and leadership skills. Clearly Trump’s strategy is trying to that his business experience makes him the most qualified to be president. Moreover, he uses his business way of thinking to analyze economic problems.
Readers might think I have an issue with the world of finance. Not at all: finance is fundamental in the lives of people, companies and nations. Readers might stop to consider what would happen if there were no banks, money, credit, investments, wealth management… Well, we already knew how that was a few millennia ago, […]