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Archive of posts published in the tag: Foreign Affairs

Truly Creative Destruction

from Foreign Affairs, What Kills Inequality- Redistribution’s Violent History By Timur Kuran In his 1982 book, The Rise and Decline of Nations, the economist Mancur Olson answered that question by arguing that rather than handicapping the economies of the Axis powers, catastrophic defeat actually benefited…

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Risk and Principle

In a world of uncertainty it is more important to know the odds than to know the facts. In a business bet, if you have a thirty percent chance of winning one hundred dollars or a seventy percent chance of…

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