Money is a strange phenomenon. Our modern notion of it mean that (in essence) it is intrinsically useless apart from as a medium of exchange. Our government, regulators, law and communities agree that phenomena (whether a physical banknote or an electronic ledger such as a bank account) have certain value,…
Many of recent history’s most significant market events have manifest in what was (previously) the extreme of the market. These “bubbles” and “crashes” follow power laws, meaning that (in theory) they could reach any size and fundamentally threaten the functionality of the entire financial system. Typical central-bank and policy…
It’s quite conceivable that the grandparents (or even parents) of the future will be made to feel even more archaic as the young of that generation look at them quizzically and state “…are you serious? You used to use bits of paper as money?!” Money is a cultural abstract. It…
The perception that we learn from our mistakes is just one in a long-list of cognitive and behavioural biases that exist in the human mind. As WIRED reported in 2009, “Researchers from MIT have shown that the brain learns more after a success than a failure. This study indicates, contrary…
“Behold, the lewd, pornographic embrace of two great American pathologies…” wrote David Simon, “Race and guns, both of which have conspired not only to take the life of a teenager, but to make that killing entirely permissible. I can’t look an African-American parent in the eye for thinking about what…
Originally Published in Entrepreneur Country, July 2013 “Throughout much of history… ” writes Prof. Edward Barbier, “a critical driving force behind global economic development has been the response of society to the scarcity of key natural resources, such as land, forests, fish, fossil fuels and minerals. Increasing scarcity raises the cost of exploiting…
Guest article written for AllAboutAlpha.com – the official publication of the Chartered Alternative Investment Analyst (CAIA) Association Originally Published at: http://allaboutalpha.com/blog/2013/06/17/the-truth-about-executive-pay/ There is little doubt that we are facing tough times for the economy. Rising unemployment, austerity and many other factors have meant that the average person feels considerably worse off…
Originally published in Global ARC. Vikas Shah interviews Alan S. Blinder (the Gordon S. Rentschler Memorial Professor of Economics and Public Affairs at Princeton University) who served as Vice Chairman of the Board of Governors of the Federal Reserve System from June 1994 until January 1996. In this position, he represented…
An interview with Eileen Bartholemew, Vice President of Prize Development at the X Prize Foundation. “For most of history…” notes Rachael King, “the thrill of solving life’s thorny problems has provided ample incentive for inventors. Yet the promise of fortune and fame doesn’t hurt. Over the past few centuries, governments…
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We tend to remember the things in life that deliver the biggest emotional wallop. Music ties into memory in two ways. First, music itself can be tremendously impactful, so we remember it — and we also remember everything happening around us when we heard it. That makes them highly effective memory tags, because they're anchored to a very specific time and place.
You have to step back and focus on the merits of the offer- not the person who brought the offer to you. That's how you defend yourself. You recognise that there's something that goes on first as important as the message itself inclining you towards purchase or agreement.
I knew I could still fight, and some of the people close to me said, 'not with one eye you can't' so I continued anyway... I lied, I cheated and scammed the system... I did whatever I could. It was highly stressful, but I believed in myself.
I give all of you permission whereby, if I change the way I behave, my beliefs, the way we are going, I give you permission to hit me in my face, you need to bring me back to reality.
What the verdict says, to the astonishment of tens of millions of us, is that you can go looking for trouble in Florida, with a gun and a great deal of racial bias, and you can find that trouble, and you can act upon that trouble in a way that leaves a young man dead, and none of it guarantees that you will be convicted of a crime.
Ten in-depth articles distilling insights from over 550 interviews with the world's leading thinkers, creators, and changemakers.