Badly Needed: A Spiritual and Ethical View Of Economics

Satish Kumar’s article on the guardian “Worshipping The Wrong God” is an interesting take on the present financial crisis, with a refreshing ethical and spiritual approach:
It amazes me to see that the great economists, industrialists, business leaders and politicians have even forgotten the true meaning of economy. They only think in terms of profit maximisation, [...]

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Marc Faber On The Recent Market Rally

This Bloomberg interview last November 2008 of notorious bearish commentator Marc Faber shares his thoughts on the recent recovery of global stock markets . Faber reveals some of the dynamics between the U.S. Dollar and asset markets, and how they move in opposite directions.
Faber also shares his criticism of monetary and fiscal policy in reaction to [...]

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Nassim Taleb: A Skeptic Speaks Out About The Economic Crisis

Former derivatives trader turned skeptical philosopher, Nassim Taleb, vents his frustration at the world financial system for allowing hindsight bias to fool them into a false sense of security which has now led to the worldwide financial crisis and recession.
Taleb criticizes economists for relying on theoretical models that have little bearing on the real-world appreciation [...]

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Peter Schiff Analogies

This guy’s ideas never fail to amaze me. Lately though I felt that he has been saying things over and over again until I came up with this video.
For the general public which really isn’t much into Economics, this video shows some really good analogies. For those who understand Economics, one [...]

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Robina Gokongwei-Pe On Economics, Kidnapping, Chinoys and Business

Here’s an excerpt from a speech given by Ms. Robina Gokongwei-Pe to the students of the UP School of Economics. Interesting insights on business, economics, and life as a Chinese-Filipino and entrepreneur in the Philippines:
The first theory is the ubiquitous law of supply and demand. The reason I failed to graduate from UP was that I [...]

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Atheists and the Stock Market

One thing that remains odd in people’s thinking is that generally people are selective in their skepticism and treat different topics with varying levels of critical thinking. An investor can be critical for instance of news and information he receives about his favorite stocks, but every Sunday listens to a religious sermon without question. On [...]

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