If you could invent something to fulfill an economist’s dream, it would look an awful lot like a prediction market. A world where every uncertain future can be priced, hedged and insured against? Kenneth Arrow and Gérard Debreu would approve. A market mechanism to co-ordinate the decentralised wisdom of crowds, ensuring the accuracy of such prices? Adam Smith and Friedrich Hayek sought just that.
Follow the money has been a rule of thumb for understanding American politics since the Watergate scandals of the 1970s,...
Lawrence Mead’s Political Breakdown (2025) is not a book of partisan skirmishing or quick diagnoses. It is instead a cultural...
0:37Today is September 18th, 2025, and my guest is mathematician and author David Bessis. His book is Mathematica: A Secret...
Conor here: French media reported yesterday that two suspects from the poor Paris suburb of Seine-Saint-Denis have been arrested and...
The Road to Peace is undoubtedly attainable. I urge everyone to read my Peace Proposal that details the intricacies of...
Companies are downsizing as the future looks bleak. Third-nation outsourcing is prevalent, and the domestic workforce is tightening. Several corporations...
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