was built in the third century BC. Its uniqueness is that it does not need dikes to regulate water flow. For more than 2000 years, it has been playing an effective role in flood control and irrigation, making Chengdu Plain a fertile land free from drought and flood...
Beginning in the early 1980s, food companies did a better job of creating an “eat more” food environment. People responded to this environment by eating more calories—lots more—and way more than enough to account for the rising prevalence of overweight and obesity. Evidence? See my book ...
Here’s why they should care – it’s been estimated that employee attrition costs 12 to 18 month’s salary for each leaving manager or professional, and 4 to 6 months’ pay for each leaving clerical or hourly employee. When employees don’t stick around for 3 years, these costs start t...
I do know that Germany’s relative decline increased after 1994, by which time the East German incomes had definitely been incorporated in the data. Italy: Did even less reforms than Germany and France, and has a more statist model. Fell far behind Britain. Sweden: Had a bad recession in ...
Montesquieu’strias po-liticadoes away with the concentration of powers in one office held by one person,and amounts to another case of‘organized distrust’. Popper did not use this expres-sion, but it nicely sums up his argument.Popper criticized his own theory that organized distrust lowers...
It is now 50 years since Milton Friedman set out his doctrine that “The Social Responsibility of Business Is to Increase Its Profits.” This paper seeks to add fresh and compelling new evidence of why Lynn Stout was correct in her resolute critique of t
The outbreak of Ebola fever in west Africa has been making headlines since January this year, but as usual we are only being told half the story by mainstream media. It took a lot of digging by myself and colleagues in the blogosphere to dig up this pile
He then showed the exact same chart of the steady decline in velocity to which I referred previously. Velocity of money x M2 = GDP, so if you increase M2 while velocity is falling, you’re not going to get anywhere. So enough of the money printing talk. Very little of that money ...
I feel your view of US computer industry is unfair. I am not sure the current decline of former giants can be blamed on the top executives or the culture of profit maximization. The pace of innovation in the information and communications industry has been highly disruptive. ...