April 2013

The Great Age of Decoupling

On April 23rd, the Pew Research Center released its analysis of recent US Census Bureau data. It supported with data, what the rhetoric was already suggesting.  During the first two years of the “US economic recovery”, the mean net worth of households in the upper 7% of the wealth distribution rose by an estimated 28%, while […]

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Beware of the Alchemists

A Mark Buchanan article in Bloomberg last week was called “Beware of Economists Peddling Elegant Models”.  In it, the theoretical physicist proposes that – “Mathematics can be beguilingly elegant. It can also be dangerous when people mistake its elegance for truth.   Albert Einstein’s theory of general relativity might be the best example of elegant math,

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