Chyden Finance: profit from hypocrisy

The Afghanistan Economic and Legal Studies Organization (AELSO) is a nascent public policy research institute that advocates free markets, rule of law, and gender equality in Afghanistan.
AELSO was established — following visits in 2009 by Dr. Tom G. Palmer of Atlas Economic Research Foundation — by a group of university professors, students, and businessmen led [...]

Recently, a very nice individual alerted me to Cory Doctorow’s Little Brother, which you can download for free in the format of your choice.
Little Brother looks like an interesting read. I’ve downloaded it within an hour of typing these lines and read the first two pages. I’ll write a full review later, if [...]

While reading Carmen M. Reinhart & Kenneth S. Rogoff’s dry-but-delightful This Time Is Different: Eight Centuries of Financial Folly, I came across a reference to David Hale’s “The Newfoundland Lesson” on page 83.
Newfoundland became the first self-governing dominion of the British Empire in 1855, and ceased to exist as a self-governing entity in 1934, after [...]

An Engine, Not a Camera: How Financial Models Shape Markets by Donald MacKenzie (2006 MIT Press, paperback edition: 2008) is the book that every student of Finance should read before beginning the first semester of his or her program.
An Engine, Not a Camera covers the history of modern finance from Modigliani-Miller through the Capital Asset [...]

Facebook founder and CEO, Mark Zuckerberg, says that individuals no longer have an expectation of privacy, as evidenced by the growing popularity of social networking sites like Facebook.
Google CEO, Eric Schmidt, is quoted saying, “If you have something that you don’t want anyone to know, maybe you shouldn’t be doing it in the first place.”
George [...]

On the right side this page is a new feature immediately under the Exchange Rate graphs called, “US Yield Curve.”
This is a listing of the US Treasury debt exchange traded funds (ETFs) issued by iShares, in the order of their maturities.
The term ‘yield curve‘ refers to the relationship between the rate of return — the [...]

Recently, I addressed the critical economic fallacy that underlies Marxism. In particular, when Dickens, Engels, and Marx wrote their critiques of the Industrial Revolution, “economists had not yet abandoned the Labor Theory of value in favor of the Marginal Theory of value that was introduced in the 1870s by Jevons in England, Menger in [...]

Engels and Marx wrote in the mid-19th Century in opposition to what they believed to be the abuses of industrialization. To understand why their ideas failed, it helps to bear two critical facts in mind: a) the institution of large-scale, centralized manufacturing and its concomitant widespread wage-income were relatively new, and b) economists had [...]

This is a brilliant illustration of the collapse of Atlantic maritime empires over the past two centuries.

Visualizing empires decline from Pedro M Cruz on Vimeo.
As we saw in early September 2009, early November 2009, and again a couple days later, data visualization is increasingly important. Gone are the days, when a table of coefficients [...]

Yesterday and the day before, I commented on some attacks from the far left on the corporate form of capital ownership.
This was not meant to be a defense of the military-industrial complex or the revolving-door between industry and government.
The choice between anti-government libertarianism and anti-market socialism is a false dichotomy.
Both corporations and governments can grow [...]