Yves Smith (http://www.globalstrategywatch.com/independent-insight/990e5c20df26aa346d093495f659e026/) writes, “I’ve been meaning to discuss how increased income disparity is bad for economic growth, because in the end you wind up with insufficient labor income to fund consumption . . . and too much capital chasing too few investment opportunities. . . . It turns out I was beaten to the [...]

Click here to read more from economics

Alan Greenspan’s The Age of Turbulence contains a chapter titled The Modes of Capitalism which is full of revelations which Mr. Greenspan unfortunately failes to recognize. The chapter describes the various forms Capitalism has taken in a number of countries, mostly North American and European. Of course, that such various forms of Capitalism have been [...]

Click here to read more from economics

If the thought of a book on economics is about as exciting as watching your toenails grow, or you are under-whelmed with statistics and number crunching theory, then the bestselling book Freakonomics : A Rogue Economist Explores the Hidden Side of Everything just might be the book to make you wake up without that extra [...]

Click here to read more from economics

There are times when you may want to buy second-hand books. Not just for the discounted rates, but also in expectation of serendipity. Who knows? You may end up finding a classic that you were always looking for. Sunday book market at Koti is the perfect place for such a discovery. On Sunday, the pavements [...]

Click here to read more from economics