the Main feature of this policy, which actually was the cause of the future crisis was the combination of the GKO market and the currency corridor. Recall that the market for government securities with a guaranteed (as at the time it seemed) yield gave the highest profit in the country. No other market in Russia is not provided such a high rate of return. Read more
the reasons for the collapse of the Soviet Union:
The dependence of the Soviet economy from the export of oil led the country to crisis, when oil prices on the world market fell.
due to the low efficiency of agriculture in the USSR had to import grain through external loans.
Introduction. Liberalism is often perceived as the right political and economic thinking, and government control of the markets, regulatory and hampered their work for various social goals, by contrast, looks to the left idea. As for Italy today, such views are deeply flawed.
When reviewing the professional statistics of any country of mixed religious composition of the population consistently draws attention to the predominance of Protestants among the owners of capital and entrepreneurs, as well as among the higher skilled segments of the working, first Read more
a Nation is an imagined political community; imagine it as inevitable limitations, however, is sovereign. It is imagined because the members of any nation will never know most of their fellow nation, while in the mind of each there is an image of their community.
People rarely make their choice, guided by absolute categories. Within us is no built-in tool that measures the absolute value of a thing. We focus on the advantages of one option over the other and according to them, compare the value of each of the options.
The stock price is unpredictable in a practical sense. My research will help people not lose their money as a result of underestimating risk of financial collapse. And I hope that readers of this book, regardless of whether they agree with my statements or not, refuse, at least for a short time, from meticulous questions of why in relation to Read more
State and scientific forestry. always give the most important interests of those who use them. In fact, a utilitarian argument, the term "nature" replaced the term "natural resources", it focuses only on those aspects of nature which can be adjusted for human use. In Read more
Man vs Homoeconomicus. When we hear: "This is in the best interests of the company" — have only slightly scratched a finger on and understand, whose interests have in mind? This can be the interests of top managers, interests of shareholders, interests of some groups of workers, the interests of the owner of a controlling stake or, on the contrary, the minority shareholders. The Read more
no society operates entirely on the command principle, and similarly none of them relies solely on voluntary cooperation. The big difference lies in what this combination: is the voluntary exchange initially illegal activity that thrives because of the inflexibility Read more
Muhammad Yunus was born in Bangladesh in 1940. Having received a Western education and becoming a doctor of economic science, but in 1974 returned to Bangladesh, achieved by the time of independence to participate in the development of the young state. Some time M. Yunus was teaching economic Read more
Recent years, Icelanders carried away one dangerous speculation. As the local interest rate was 15.5% and the Krone exchange rate rose, they came up with a clever thing: wanting to make a purchase, which they could not afford, they borrowed money not in crowns and in yen and Swiss francs. They took out a loan in yen at 3% per annum and tore a large jackpot on trading currencies, because the crown Read more