The beat has stopped, yet the show must go on. The global consequences of lockdown are plastered wall to wall across every news outlet. The personal consequences, however, are far more discreet. Ever since the plug was pulled we have been swaying awkwardly, mouths agape, waiting for the party to resume. Yet rather than just a skip on the record, it now sounds like we’re in this for the long haul. Unless we make a compelling effort to adapt and keep our footing, our new rhythm will feel awfully like
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         In many corners of the globe, calling out the tyrannical practices of an over-zealous executive, corrupt judicial or archaic legislature is crucial for progress, peace and prosperity. In the most mature democracies of the developed world (“Western world” belongs on the Rolodex of anachronisms), we’ve all but forgotten what it means to worry about the sanctity our fundamental institutions. The pillars of our governments stand true and inviolable, and yet, for some reason, public discontent
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Contrary to popular belief and university propaganda, academia do not always foster an independent mind. In their first course on microeconomics, every budding economist is confronted with the notion of rational economic man allocating his scarce resources to fulfill as many of his stable and given preferences as possible. If these budding economists are like
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As the majority of economists were (and most of them still are) working on a model in which markets ensure superior outcomes if left to themselves, they could not foresee the financial crisis. All the deregulation that happened since the early 80s, the supposed rational behavior of market participants, the technological capacity for calculating risks
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