Modern

This is the second installment in the Radical Uncertainty in Finance series. The first explored the origins of probability theory. Commercial considerations determined financial transactions for thousands of years. Interest…

Capitalism is the economic system most advanced nations have adopted to foster growth and prosperity. Its Marxian definition, describing the principles of wealth accumulation through the appropriation of profits, certainly…

Advanced economies started cooling off about 50 years ago. Official data state it plainly. For the past two decades, most economies in North America and Europe have slowed to a…

While many traditional sectors of the economy have succumbed to secular stagnation, a new form of value creation has expanded since the 1970s as part of the Third Industrial Revolution….

“Complexity is like energy. It cannot be created or destroyed, only moved somewhere else. When a product or service becomes simpler for users, engineers and designers have to work harder….