In-Depth Business Book Reviews
THE GREAT DEGENERATION – How Institutions Decay and Economies Die
“The key point is that not all sets of institutions, when you add up the sum of the parts, are equal. There are good and bad combinations. In some sets of institutions, people can flourish freely as individuals, as families, as communities. That is because…
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THE FOURTH INDUSTRIAL REVOLUTION
“We are at the beginning of a revolution that is fundamentally changing the way we live, work, and relate to one another. In its scale, scope and complexity, what I consider to be the fourth industrial revolution is unlike anything humankind has experienced before. ……
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THE END OF ALCHEMY – Money, Banking and the Future of the Global Economy [3/3]
(Continued from Part II) CONTEMPLATION: A TIMELY BOOK FULL OF IDEAS MEANINGFUL FOR DISCOURSE AND ACTION A phoenix out of the ashes. Without the audacity of pessimism, we may repeat the same old pains. There’s a serious urge on timing. No more delay. No more…
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THE END OF ALCHEMY – Money, Banking and the Future of the Global Economy [2/3]
(Continued from Part I) REFORMING BANKING: ENDING ALCHEMY THROUGH PFAS Central Banks as Lender of the Last Resort (LOLR) What has been the guiding principle of central banks in dealing with crises? The author explains central banks’ roles defined throughout history, the birth of the…
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THE END OF ALCHEMY – Money, Banking and the Future of the Global Economy [1/3]
“Flooding the system with liquidity has been seen by many economists, officials and politicians as the answer to almost any financial crisis. But it is never easy to distinguish between a liquidity and a solvency problem. In only a matter of days, a shortage of…
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