Foreign Policy Magazine

21/10/2019

https://www.nzz.ch/meinung/google-facebook-und-amazon-big-brother-lebt-jetzt-im-silicon-valley-ld.1509071

Russland macht im Internet Informationen zur Waffe. China perfektioniert die Technologie zur sozialen Kontrolle, während uns das Silicon Valley nur des Profits wegen überwacht. Wenn alle diese Entwicklungen verschmelzen, bleibt die Freiheit auf der Strecke.

19/02/2018

Prof. Werner explains the differences of banking system between UK and Germany.

A cut of Renegade Inc.'s show on RT UK, full episode here: https://www.rt.com/shows/renegade-inc/379579-uk-finance-curse-suffer/

09/02/2018

( ) talk continue. In this post you can read about the impact of Silk Road Initiative on Europe, and the European perspective of geopolitics.
Do you think the Belt would stabilize EU as well?

In the previous post, Silk Road- Alternative Governance, we stated that “some experts claim there is a deeper and more competitive objective of modern ‘Silk Road’. They claim that the initiative is…

09/02/2018

"Kim Yo Jong is the first member of the North's ruling dynasty to visit the south since the end of the Korean War in 1953. Even months ago, such an encounter would have been unthinkable."

South Korean President Moon Jae-in shook hands with Kim Yo Jong, the sister of North Korean leader Kim Jong Un at the Winter Olympics opening ceremony.

06/02/2018

As you have also realized, last weekend there was no . The reason is that, we devoted the February to Silk Road Initiative. So, we will post opinions and different opinions about the China's Silk Road Initiative. Read the first article and, preferably, give us your opinion.

Arguably, the essence of the “Silk Road Economic Belt” is to provide an equal consideration to both the East and the West, considering equivalently the North and the South, finding an equilibrium f…

05/02/2018

The euro was officially adopted in 1999, although it took a few more years to be phased in for everyday use. Over the years, my feelings abo...

05/02/2018

The Barbie doll receives plastic, hair, and other materials from a number of countries – oil from Saudi Arabia, plastic from Taiwan, hair from Japan – and then is assembled in China. The doll is valued at $2 when it leaves the dock in China en route to the United States, but only 35¢ of that amount reflects the value of Chinese labor used in the assembly. The rest of the $2 export value was actually imported into China from these other countries, but nevertheless, the entire $2 is counted as an export from China to the United States. This example shows that the bilateral trade deficit or surplus between countries is a slippery concept. It doesn’t really make sense to count the entire $2 doll as a Chinese export to the United States, as is done in official trade statistics, when only 35¢ is the value-added in China and the rest was purchased from other countries. This shortcoming of official statistics gives us a good reason to not focus on the bilateral trade deficit or surplus between countries, even though that number is often reported in the press.

03/02/2018

With Ankara and Washington on a collision course in northern Syria, both sides will have to rethink their priorities if they want to salvage an increasingly hollow alliance.

28/01/2018

Today at , we discuss the policy decisions and 'irrational' behaviors of individual.

What do you think? How much policy is needed? and If we are irrational, given that the policymakers are humans, aren't they decisions also biased by their psychological heuristics?

While a part of public policies deals with market and government failures which are highlighted by welfare economics and public choice economics respectively, recently surged trend is the impact of…

21/01/2018

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The economy of 'Free' cannot be treated like a normal transaction economy. In this world of production and consumption is very exclusive, and requires an exclusive analysis.

Currently we are in the era of Internet of things (IoT) and as we can see the demand, supply and exchange of personal data has been increased exponentially. Despite the benefits of these data, they…

20/01/2018

2018, the year of Europe

18/01/2018

What does it mean at a macroeconomic level when a company with 55 employees can be acquired for 20 billion dollars?
What does it mean for industrial relations when a privately-owned artificial intelligence product can learn all that there is to know about chess (and defeat the reining world champion) in just four hours?
What does it mean for infrastructure investments and shopping malls when I do virtually all of my shopping using Amazon Prime?
What does it mean for ‘manpower exports’ from South Asia when Dubai builds an entire office building using 3-D printing and appoints the world’s first Minister for Artificial Intelligence?
What does it mean for inflation and productivity estimates when tools of communication are almost free at the point of usage?

“The fourth industrial revolution – isn’t that an IT thing? We have a Minister for Digital looking at it”, said a policymaker. “Yes, it is changing business models which is why we are fostering an …

14/01/2018

The corruption features the conflict between the public interest and the market. Widespread and substantial bribery has a significant influence to transform democratic/meritocratic based governmental procedure into one based on willingness-to-pay.

In Principal-Agent problem, agent serves (or fails to serve) the interests of a principal. The action of agent on behalf of his principal requires some discretion. There are situations that …

07/01/2018

http://fpmagazine.net/2018/01/07/political-economy-a-science/

07/01/2018

Definition and method of Political Economy as a Science from the perspective of John Stuart Mill.

I am being amazed by the ingenuity of John Stuart Mill since I’ve been reading his works, i.e., ‘On Liberty’. Also mentioned before, John Mill, in his Principles of Political Economy, argued that e…

07/01/2018

Why is it that becoming a commune fosters local creativity? A priori, several answers are possible.
The historical evidence strongly supports the idea that open and democratic institutions breed innovation and creativity.
Serafinelli & Tabellini (2018)

Creativity is often highly concentrated in time and space, and across different domains. In the 15th century, Florence was home to an amazing number of ground-breaking innovators in literature, painting, sculpture, philosophy, and science. At the turn of the 19th century, Vienna hosted pioneers in p...

06/01/2018