In the early 1960’s, many environmental protection NGOs started to promote conservation of ecosystems all over the globe. Greenpeace’s first stated mission is to “protect biodiversity in all its forms”. For WWF its principal objective is to “conserve nature and reduce the most pressing threats to the diversity of life on Earth.” Conservation and climate change have become an important part of the international discussion.
Have you ever wondered what is wrong with people who have political views so different from yours?
The origins of tobacco processing in Toulouse go back to 1674. Seeds were first grown in the South-West of France during the 17 th century. King Louis XIV was soon after the first to monopolize its distribution and sales under the state. In 1791, the French Revolutionaries abolished the monopoly, only for it to be reinstated by Napoleon in 1810. The manufacturing in Toulouse moved to the Quai de la Daurade (today’s Ecole des Beaux-Arts), and was then expanded to the Bazacle.
About 50 years ago, Daniel Kahneman and Amos Tversky started to take on the neoclassical doctrine of rational, self-interested behaviour. It turned out to be a destructive process. The two psychologists showed how humans systematically behave differently than homo economicus1 would in a range of situations.
In Lewis Carroll’s sequel to Alice’s Adventures in Wonderland (1865), the day-dreamer Alice wonders what it is like to live on the other side of a mirror’s reflection. The novel, Through the Looking-Glass, and What Alice Found There (1871) recounts the protagonist’s surreal adventures, which follows a pattern parallel to that of the story’s prequel: the first book has the deck of cards as a theme, and uses changes of size as a plot device; while the second one is based on the rules of a game of chess and uses distortions in time and spatial directions as plot devices. This article is about a different type of Wonderland though: Trump’s United States, and its new foreign policy…
Credit growth seems to be the best predictor of future financial instability. This is the lesson that Jorda et. al (2011) draw from looking at aggregate data from 14 countries over the past 140 years. Mian & Sufi (2016) refine this result and find that growth in household credit leads to lower output growth subsequently.