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<channel>
	<title>the rational post &#187; economics</title>
	<atom:link href="http://www.freedom24.org/rationalpost/tag/economics/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.freedom24.org/rationalpost</link>
	<description>a collection of essays and articles on the science of everyday life</description>
	<lastBuildDate>Tue, 10 Jan 2012 03:19:04 +0000</lastBuildDate>
	<language>en</language>
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		<item>
		<title>behavioral bias</title>
		<link>http://www.freedom24.org/rationalpost/2010/08/08/behavioral-bias/</link>
		<comments>http://www.freedom24.org/rationalpost/2010/08/08/behavioral-bias/#comments</comments>
		<pubDate>Mon, 09 Aug 2010 01:46:49 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[finance & economics]]></category>
		<category><![CDATA[history & society]]></category>
		<category><![CDATA[science & tech]]></category>
		<category><![CDATA[behavioral]]></category>
		<category><![CDATA[bias]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[healthcare]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=2308</guid>
		<description><![CDATA[As evidence continues to mount that established models of rational decision-making are dangerously out of date, behavioral science has embraced human irrationality in all of its deceptively predictable forms. At the forefront of the field is Duke University professor Dan Ariely, whose simple experiments into human bias have shed light on everything from the fallacy of supply and demand to the problem of procrastination.
In a recent interview with NPR, he turned his gaze toward the growing debate about rampant health care costs and their potentially behavioral origins. To contextualize the issue, he describes an experiment in which different groups are asked to order pizzas. One group is presented a menu where the default is an all-dressed pizza and toppings have to be taken off if ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2010/08/08/behavioral-bias/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>market makers</title>
		<link>http://www.freedom24.org/rationalpost/2010/03/25/market-makers/</link>
		<comments>http://www.freedom24.org/rationalpost/2010/03/25/market-makers/#comments</comments>
		<pubDate>Fri, 26 Mar 2010 00:38:26 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[finance & economics]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[banking system]]></category>
		<category><![CDATA[capital markets]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[primer]]></category>
		<category><![CDATA[speculation]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=2040</guid>
		<description><![CDATA[As ideological battles are waged over the benefits of free markets, the challenges of financial regulation, the inefficiency of policymaking, and the design of a sustainable path forward, pundits often attack one another without a fundamental understanding of the mechanics of our modern financial system. This primer helps to explain the unique roles that banks and capital markets play in the efficient (and sometimes painfully inefficient) functioning of of modern society. While it won&#8217;t settle any debates, it certainly reminds us how little we may know about the way the economy works&#8230;


Did the Capital Markets Fail Us?
By Karen Johnson &#124; Thursday, March 25, 2010
Amid the debate about excessive bonuses and inadequate risk management, it is useful to ask why the faith ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2010/03/25/market-makers/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>bunning ♥ bernanke</title>
		<link>http://www.freedom24.org/rationalpost/2009/12/17/bunning-%e2%99%a5-bernanke/</link>
		<comments>http://www.freedom24.org/rationalpost/2009/12/17/bunning-%e2%99%a5-bernanke/#comments</comments>
		<pubDate>Fri, 18 Dec 2009 01:52:21 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[bernanke]]></category>
		<category><![CDATA[crisis]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[macroeconomics]]></category>
		<category><![CDATA[monetary policy]]></category>
		<category><![CDATA[policy]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=1776</guid>
		<description><![CDATA[For all its flaws, one of the great strengths of the American political system is the degree to which competing perspectives fight to the death in Washington&#8217;s marketplace of ideas. A perfect example is the recent exchange between Senate Banking Committee member (and Baseball Hall of Famer) Jim Bunning and his monetary nemesis Fed Chairman Bernanke on the eve of a controversial re-nomination&#8230;

Bunning Statement On The Re-Nomination Of Ben Bernanke To Be Chairman Of The Federal Reserve
Senate Banking Committee on Thursday, December 3, 2009
Four years ago when you came before the Senate for confirmation to be Chairman of the Federal Reserve, I was the only Senator to vote against you.  In fact, I was the only Senator to even raise serious ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2009/12/17/bunning-%e2%99%a5-bernanke/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>ascending and descending</title>
		<link>http://www.freedom24.org/rationalpost/2009/07/29/ascending-and-descending/</link>
		<comments>http://www.freedom24.org/rationalpost/2009/07/29/ascending-and-descending/#comments</comments>
		<pubDate>Wed, 29 Jul 2009 14:47:15 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[crisis]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[regulation]]></category>
		<category><![CDATA[theory]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=789</guid>
		<description><![CDATA[As speculative euphoria once again grips financial markets and investors emerge from their fallout shelters in search of higher yield, it is entirely possible that we failed to learn anything from the last 12-18 months of market volatility. After the markets bottomed out on March 9, our valuation anchors were rebased. Could our economic prospects really be that grim? Could all that leverage &#8211; all that cash &#8211; simply vanish from the financial system overnight? Of course not, went the refrain, and the markets have since pared back almost half of their 2008 losses during one of the largest bear market rallies since the 1930s. 

As the &#8220;wealth effect&#8221; continues to prime the consumerist pump and risk aversion retreats, some ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2009/07/29/ascending-and-descending/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>false prophets</title>
		<link>http://www.freedom24.org/rationalpost/2008/12/31/false-prophets/</link>
		<comments>http://www.freedom24.org/rationalpost/2008/12/31/false-prophets/#comments</comments>
		<pubDate>Wed, 31 Dec 2008 23:40:54 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[history & society]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[forecasting]]></category>
		<category><![CDATA[obama]]></category>
		<category><![CDATA[politics]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=482</guid>
		<description><![CDATA[As the Annus Horribilis finally comes to an end, many forecasters in the policy and financial communities have been left licking their wounds. This effort from Moises Naim and his team at Foreign Policy tries to capture the best of the worst and is certainly worth a look&#8230;

The 10 Worst Predictions for 2008
in Foreign Policy
Prognostication is by far the riskiest form of punditry. The 10 commentators and leaders on this list learned that the hard way when their confident predictions about politics, war, the economy, and even the end of humanity itself completely missed the mark.

ONE. “If [Hillary Clinton] gets a race against John Edwards and Barack Obama, she’s going to be the nominee. Gore is the only threat to ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2008/12/31/false-prophets/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>a great depression</title>
		<link>http://www.freedom24.org/rationalpost/2008/11/16/a-great-depression/</link>
		<comments>http://www.freedom24.org/rationalpost/2008/11/16/a-great-depression/#comments</comments>
		<pubDate>Sun, 16 Nov 2008 16:49:39 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[history & society]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[crisis]]></category>
		<category><![CDATA[depression]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[history]]></category>
		<category><![CDATA[society]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=393</guid>
		<description><![CDATA[&#8220;Despite its severity, we believe that the slump in stock prices will prove an intermediate movement and not the precursor of a business depression&#8230;&#8221; This advice from the Harvard Economic Society on November 2, 1929 illustrates that unbridled optimism in the capital markets was just as dangerous 80 years ago as it is today. Modern financial crises aren&#8217;t simply failures of regulatory oversight or inherent structural weakness. They&#8217;re a combination of the cyclicality of human behavior, the dangers of unbridled leverage, increased speculation by unsophisticated investors, and our complete lack of financial memory beyond 20 or 30 years.

The following compilation from The Atlantic&#8216;s impressive archives serves as a painful reminder that, much like the &#8220;Great War&#8221; that preceded it, The Great ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2008/11/16/a-great-depression/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>treadmill economics</title>
		<link>http://www.freedom24.org/rationalpost/2008/06/20/sachs-treadmill-economics/</link>
		<comments>http://www.freedom24.org/rationalpost/2008/06/20/sachs-treadmill-economics/#comments</comments>
		<pubDate>Fri, 20 Jun 2008 15:28:46 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[development]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[history]]></category>
		<category><![CDATA[macroeconomics]]></category>
		<category><![CDATA[policy]]></category>
		<category><![CDATA[stagflation]]></category>
		<category><![CDATA[sustainability]]></category>
		<category><![CDATA[theory]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=245</guid>
		<description><![CDATA[It&#8217;s no surprise that financial crises – like intercourse, pro sports, and agriculture – run in alternating cycles of boom and bust. Classical economic theory suggests that such cyclicality can be overcome through innovations in resource use, factor productivity, and leverage. Classical history suggests otherwise. In the following rant, celebrity economist Jeff Sachs tackles the two-headed plague of stagflation &#8212; part stagnant economic growth, part inflation &#8212; and offers the 1970s as an illustrative case study in how to keep a resource-hungry, debt-ridden, war-wearied hegemon from spinning its economic wheels&#8230;

Stagflation is back. Here&#8217;s how to beat it.
By Jeffrey Sachs in Fortune
Three decades ago, in a bleak stretch of the 1970s, an economic phenomenon emerged that was as ugly as its ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2008/06/20/sachs-treadmill-economics/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>command and control</title>
		<link>http://www.freedom24.org/rationalpost/2008/05/11/command-and-control/</link>
		<comments>http://www.freedom24.org/rationalpost/2008/05/11/command-and-control/#comments</comments>
		<pubDate>Mon, 12 May 2008 00:33:44 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[finance & economics]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[Bear Stearns]]></category>
		<category><![CDATA[credit cycle]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[financial markets]]></category>
		<category><![CDATA[inflation]]></category>
		<category><![CDATA[Paulson]]></category>
		<category><![CDATA[policy]]></category>
		<category><![CDATA[sovereign wealth]]></category>
		<category><![CDATA[treasury]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=242</guid>
		<description><![CDATA[As markets continue to reel from the too-little-too-late conservative ethos that is snaking its way through the world&#8217;s major financial institutions, the wisdom of blind faith in some &#8220;invisible hand&#8221; is finally being put to the test. At stake are trillions of dollars of borrowed money floating anonymously within complex and unregulated markets, coupled with with an imploding US dollar, soaring energy demand in high-growth emerging economies, troublesome &#8220;business as usual&#8221; predictions for worldwide carbon emissions, and gross negligence in coordinating the world&#8217;s basic agricultural equilibrium. If free markets and &#8220;the wisdom of crowds&#8221; are truly the answer to the complex challenges of global resource coordination, recent evidence isn&#8217;t the least bit convincing&#8230;

Why We Must Fix It
By Michael Lewitt
&#8220;Society is ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2008/05/11/command-and-control/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>capitalism 2.0</title>
		<link>http://www.freedom24.org/rationalpost/2008/03/31/capitalism-20/</link>
		<comments>http://www.freedom24.org/rationalpost/2008/03/31/capitalism-20/#comments</comments>
		<pubDate>Tue, 01 Apr 2008 02:35:52 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[finance & economics]]></category>
		<category><![CDATA[history & society]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[capitalism 2.0]]></category>
		<category><![CDATA[development]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[entrepreneurship]]></category>
		<category><![CDATA[innovation]]></category>
		<category><![CDATA[social enterprise]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=238</guid>
		<description><![CDATA[Social entrepreneurship is at the heart of Capitalism 2.0, and the country&#8217;s leading minds are finally demanding a full system upgrade&#8230;
Thoroughly Modern Do-Gooders
By DAVID BROOKS
Fashions in goodness change, just like fashions in anything else, and these days some of the very noblest people have assumed the manners of the business world — even though they don’t aim for profit. They call themselves social entrepreneurs, and you can find them in the neediest places on earth.
The people who fit into this category tend to have plenty of résumé bling. Bill Drayton, the godfather of this movement, went to Harvard, Yale, Oxford and McKinsey before founding Ashoka, a global change network. Those who follow him typically went to some fancy school and ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2008/03/31/capitalism-20/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>speculations on an oil tariff</title>
		<link>http://www.freedom24.org/rationalpost/2008/03/25/speculations-on-an-oil-tariff/</link>
		<comments>http://www.freedom24.org/rationalpost/2008/03/25/speculations-on-an-oil-tariff/#comments</comments>
		<pubDate>Tue, 25 Mar 2008 17:36:14 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[finance & economics]]></category>
		<category><![CDATA[world affairs]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[energy]]></category>
		<category><![CDATA[fiscal]]></category>
		<category><![CDATA[geopolitics]]></category>
		<category><![CDATA[oil]]></category>
		<category><![CDATA[policy]]></category>
		<category><![CDATA[trade]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/2008/03/25/speculations-on-a-25-oil-tariff/</guid>
		<description><![CDATA[Assuming that the United States decides to impose a $25 per barrel tariff on all imported oil (crude and product) – and Canada and Mexico were not exempt — let&#8217;s explore how this might affect:

a.    The volume of oil imported into the United States?
Volume responses to a $25 tariff would vary over time. In the near-term, there would only be a negligible decrease in the volume of oil imported (given a low short-run elasticity of energy demand) as industries, supply chains, and consumers remain highly dependent on existing petroleum infrastructure. The redistribution of the tariff (with tax reductions) would partially offset the incremental cost to businesses and consumers, but the policy is unlikely to completely offset the ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2008/03/25/speculations-on-an-oil-tariff/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
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		<item>
		<title>private risk, public reward</title>
		<link>http://www.freedom24.org/rationalpost/2008/01/18/private-risk-public-reward/</link>
		<comments>http://www.freedom24.org/rationalpost/2008/01/18/private-risk-public-reward/#comments</comments>
		<pubDate>Fri, 18 Jan 2008 11:49:01 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[finance & economics]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[history & society]]></category>
		<category><![CDATA[world affairs]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[corporation]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[geopolitics]]></category>
		<category><![CDATA[government]]></category>
		<category><![CDATA[hegemonic stability]]></category>
		<category><![CDATA[history]]></category>
		<category><![CDATA[policy]]></category>
		<category><![CDATA[trade]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/2008/01/18/private-risk-public-reward/</guid>
		<description><![CDATA[An expanded look at the role corporations and hospitable business environments have played in stabilizing the anarchic system of international relations. This work is based on an earlier paper which focused on the rise of the corporation as a key variable in the calculus of global peace and security&#8230;
Private Risk, Public Reward:
 Stabilizing Frameworks and the Rise of Corporate Hegemony
By Devin DeCiantis &#124; ISP-351 &#124; Economics &#38; Security
&#8220;The modern corporation as an institution is entitled to much more respect than it has frequently received.
It is, in fact, an institution at a cross-road in history,
Capable of becoming one of the master tools of society &#8211; capable also of surprising abuse.&#8221;
- Adolph Berle, Jr. The Twentieth Century Capitalist Revolution, 1954

Traditional theories about ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2008/01/18/private-risk-public-reward/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>the darker side of ethanol</title>
		<link>http://www.freedom24.org/rationalpost/2007/05/28/the-darker-side-of-ethanol/</link>
		<comments>http://www.freedom24.org/rationalpost/2007/05/28/the-darker-side-of-ethanol/#comments</comments>
		<pubDate>Mon, 28 May 2007 20:21:48 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[finance & economics]]></category>
		<category><![CDATA[history & society]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[science & tech]]></category>
		<category><![CDATA[agriculture]]></category>
		<category><![CDATA[climate change]]></category>
		<category><![CDATA[development]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[energy]]></category>
		<category><![CDATA[environment]]></category>
		<category><![CDATA[poverty]]></category>
		<category><![CDATA[science]]></category>
		<category><![CDATA[trade]]></category>
		<category><![CDATA[welfare]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/2007/05/28/the-darker-side-of-ethanol/</guid>
		<description><![CDATA[As politicians and investors cast their enthusiastic support behind the legislation and technology necessary to christen the &#8220;New Age of Ethanol&#8221;, consensus among the world&#8217;s leading scientists is still critical at best. From hungry Mexicans to enraged environmentalists to ruffled foreign dignitaries, the real cost of ethanol has become increasingly obvious to all but the most cynical energy hucksters. Fueled by agricultural protectionism and the pressing drive for &#8220;energy independence&#8221;, the Ethanol Lobby is now humming on all cylinders, and if Runge and Senauer are right, that might spell disaster far beyond the pumps&#8230;
How Biofuels Could Starve the Poor
By C. Ford Runge and Benjamin Senauer in Foreign Affairs, May/June 2007
THE ETHANOL BUBBLE
In 1974, as the United States was reeling from ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2007/05/28/the-darker-side-of-ethanol/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>in income we trust</title>
		<link>http://www.freedom24.org/rationalpost/2007/02/15/income-trust/</link>
		<comments>http://www.freedom24.org/rationalpost/2007/02/15/income-trust/#comments</comments>
		<pubDate>Thu, 15 Feb 2007 19:54:28 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[finance & economics]]></category>
		<category><![CDATA[world affairs]]></category>
		<category><![CDATA[canada]]></category>
		<category><![CDATA[capital markets]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[investments]]></category>
		<category><![CDATA[policy]]></category>
		<category><![CDATA[strategy]]></category>
		<category><![CDATA[taxes]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/2007/02/03/income-trust/</guid>
		<description><![CDATA[Since their earliest days a rogue asset class &#8212; a breakaway tax haven from the archaic world of REITs &#8212; income trusts have drawn the ire of free-market economists and the capital of free-wheeling investors alike. The former see the structure as an anti-competitive perversion of natural capital flows, while the latter flock to invest in a sea of premium yields. Traditionally, policy makers have been hamstrung by this natural dichotomy, but with their latest Halloween trick, Flaherty and the Tories have taken a bold step toward a fair and open capital market. Baby boomers may cry foul over their lost pot of gold, and socialists may applaud their conservatives counterparts for a rare shot across the bow of a ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2007/02/15/income-trust/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>a history of violence</title>
		<link>http://www.freedom24.org/rationalpost/2007/01/15/a-history-of-violence/</link>
		<comments>http://www.freedom24.org/rationalpost/2007/01/15/a-history-of-violence/#comments</comments>
		<pubDate>Mon, 15 Jan 2007 19:24:50 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[history & society]]></category>
		<category><![CDATA[world affairs]]></category>
		<category><![CDATA[development]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[education]]></category>
		<category><![CDATA[elections]]></category>
		<category><![CDATA[empire]]></category>
		<category><![CDATA[history]]></category>
		<category><![CDATA[political economy]]></category>
		<category><![CDATA[politics]]></category>
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		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/2006/10/05/a-history-of-violence/</guid>
		<description><![CDATA[&#8220;Nationalism is like cheap alcohol.
First, it makes you drunk, then it makes you blind, and then it kills you.&#8221;
- Daniel Fried, Assistant Secretary of State, U.S. State Department
With a history of social chaos that spans most of human existence, it isn&#8217;t surprising that personal freedom is a fairly recent phenomena.  This so-called &#8220;inalienable right&#8221; was only introduced in  Holland, France, America and the fragile Ottoman Empire over the last few centuries, after years of philosophical introspection and ultimately bloody rebellion. Unlike the fall of the Roman and Greek empires &#8212; where authority was more regulatory than ascendant &#8212; these &#8220;populist&#8221; revolutions signaled not merely a new set of rules but also a radical shift in personal identity. Living ...]]></description>
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		</item>
		<item>
		<title>brain drain</title>
		<link>http://www.freedom24.org/rationalpost/2006/09/12/170/</link>
		<comments>http://www.freedom24.org/rationalpost/2006/09/12/170/#comments</comments>
		<pubDate>Tue, 12 Sep 2006 22:33:38 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[finance & economics]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[science & tech]]></category>
		<category><![CDATA[behavioral]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[psychology]]></category>
		<category><![CDATA[speculation]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/2006/09/12/170/</guid>
		<description><![CDATA[Economics is converging with everything these days, from the environment to the grocery store to the bedroom. This time, the playing field is none other than the human brain itself, and the results are less surprising than they are empirically fascinating. Contrary to conventional thinking, it turns out that people won&#8217;t always act in the own best interests, and that&#8217;s as true for investing and gambling as it is for adultery and employment&#8230;
MIND GAMES
by JOHN CASSIDY in the New Yorker

What neuroeconomics tells us about money and the brain.
Like many people who have accumulated some savings, I invest in the stock market. Most of my retirement money is invested in mutual funds, but now and again I also buy individual stocks. ...]]></description>
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