How and why some nations become rich while others lag

On 26 January 1817, Thomas Malthus wrote in a letter to his fellow economist David Ricardo that “…the causes of the wealth and poverty of nations (is) the grand object of all enquiries in Political Economy.” Indeed, there is, as yet, no conclusive evidence for why some countries are able to adapt to new technologies and manage to stay...

How fund managers of Harvard and Yale endowments have beaten even the best institutional investors

For years, large university endowments, like Harvard and Yale, have consistently managed to outperform the market and hold their own during market declines, managing to do this with lesser risk exposure. This book is all about enabling investors to play catch-up with the investment ideas of...

A whistle-stop tour of the free market orthodoxy and its opponents

The two outstanding features of this book—one intended and the other a happenstance—are its sweep and timing. Coming as it does after the market meltdown of 2008, when many of the tenets of the turn-of-the-century-capitalism based predominantly on financial engineering, came to be questioned, it is bound to attract much...