Berfrois

Squeezed

Squeezed

by Justin E. H. Smith In 1994 I was admitted to a few Ph.D. programs, but only two of them were not from my back-up list. One of these was UCLA, where I was admitted with full-funding for the doctoral program in Slavic linguistics, and the other was Columbia,...

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Are the Chinese prone to money illusion?

Are the Chinese prone to money illusion?

China’s monetary policy and its inflation have got people talking – particularly about the effect on other countries. But what about its effect on China’s people? Are they fooled by money illusion?

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Motives Matter

Motives Matter

by Tim Besley and Maitreesh Ghatak As we approach three years since the fall of Lehman Brothers, the incentives that led the financial sector to take on too much risk still exist. This column argues that they will remain so long as governments continue to provide an implicit guarantee that...

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Did anti-regulation lobbying fuel the subprime crisis?

Did anti-regulation lobbying fuel the subprime crisis?

by Deniz Igan and Prachi Mishra Did anti-regulation lobbying fuel the subprime crisis? This column shows that there is a strong relationship between financial industry lobbying and favourable financial regulation legislation. It argues that the financial industry fought, and defeated, measures that might have curbed some of the reckless...

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Take My Wealth, Please (Or Not)

Take My Wealth, Please (Or Not)

Stop Coddling the Super-Rich | by Warren E. Buffett

The New York Times

Our leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting....

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Krugman on Keynes

Krugman on Keynes

by Paul Krugman Keynes’ General Theory is 75 years old. In this column, Paul Krugman argues that many of its insights and lessons are still relevant today, but many have been forgotten. A broad swath of macroeconomists and policymakers are applying old fallacies to today’s crisis. As the nostrums being...

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‘Uncoordinated national policies cannot govern migration’

‘Uncoordinated national policies cannot govern migration’

Migrants arriving by boat on Lampedusa Island, Noborder network by Tito Boeri Lampedusa is a beautiful island closer to North Africa than to Sicily. In the last two months it has been flooded with migrants, mostly coming from Tunisia. The preliminary count is 28,000 arrivals on an island where...

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Logan K. Young on The Replacements

I, myself, was barely six months old when Twin/Tone put out The Mats’ Let It Be. The day, they say, was Orwellian: Tuesday, October...

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Tyranny Is a Growth Industry by Vladimir Savich and Zachary Bos

Tyranny is a growth industry. Each day brings exciting new developments. These events imprint themselves upon the world in the form of newspapers, magazines,...

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Tjoa Shze Hui: 1920s

Of the many witticisms that make up The Autobiography of Alice B. Toklas, one voiced by Picasso really gets under the skin. He says...

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Elias Tezapsidis on Lorentzen, Batuman, Lerner, Smallwood and Stein

Contemporary narrators feel entitled to their own realities now more than ever. The internet has created this fascinating binary, one in which individuals can...

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Henry Giardina on Bob Hope

All mythical creatures need an origin story. The Bob Hope character springs into being, Athena-like, from out of the head of Preston Sturges in...

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Mattilda B. Sycamore: Yearning From Spurning

One problem with gentrification is that it always gets worse. But then I go into a Hooters, and it’s a vintage clothing store. A...

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Alexander McGregor
Alexander McGregor: Trauma

Following World War II, the German philosopher Theodor Adorno wrote, “Nach Auschwitz ein Gedicht zu schreiben, ist barbarisch”: to write poetry after Auschwitz is...

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John Crutchfield: Chords

But music, even bad music, is a symptom of hope, is it not? Naturally one would prefer the music to be good, but any...

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Menachem Feuer on Robin Williams

Regardless of whether you are from Europe, the United States, Asia, or Africa, we can all agree that there is something special about the...

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Reality Principles: Berfrois Interviews Frank Smecker

I don't know if I ever wanted to become a theorist. I struggle with this position. For me, it's a hystericized — and therefore...

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Albert Rolls: Which (Side) Are You On, Man?

James Parker begins his review of Inherent Vice with the quip, “If Thomas Pynchon were a stand-up comedian, and Inherent Vice his newest routine,...

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Keith Doubt
Keith Doubt on Serbia

The intellectual integrity of cultural anthropology is based largely on its commitment to cultural relativism as a principled notion. Cultural relativism is the principle...

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A Gosse in Woolf’s Clothing by Andre Gerard

On May 31, two weeks after his death, and the day before Orlando was sent to the printer, Woolf noted his death as follows:...

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Andrew Gallix: Let’s Go!

Retro-futurism, as we now call it, came out of the closet in the late '70s due to the widespread feeling that there was indeed...

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