Risk, Uncertainty, Profits, and Modern Portfolio Theory
While Modern Portfolio Theory (MPT) is popular in academic economics and finance, it fails to properly explain profits, mistakenly confusing entrepreneurial profit
While Modern Portfolio Theory (MPT) is popular in academic economics and finance, it fails to properly explain profits, mistakenly confusing entrepreneurial profit
The drive to religious freedom in America was carried out overwhelmingly in the state legislatures—and the federal First Amendment had almost nothing
For more than 40 years, the Farmland Protection Policy Act has socialized US farmlands and transferred wealth to politically-connected people. What it
For more than 40 years, US farm policy has socialized farm land and transferred wealth to politically-connected people.
Policy-made rates reshape everything: mortgages, bonds, stocks, and commodities.
While the jury still is out regarding Javier Milei’s economic and political “reforms” in Argentina, one must remember that the damaging interventions
Policy-made rates reshape everything: mortgages, bonds, stocks, and commodities.
While the jury still is out regarding Javier Milei’s economic and political “reforms” in Argentina, one must remember that the damaging interventions
High time preference is a sign of economic degradation, and Bose shows that a rejection of Christian sexual ethics is a feature
The countries seen as targets to follow Brexit are Austria, Hungary, Italy and Poland, according to leaked details of the US national