Monthly Archives: November 2011

This post continues the one entitled “Roubini’s conceptual apparatus […]”. 1. Computational power as a kind of cognitive power Had Adam Smith lived in our times,  instead of  “market’s invisible hand” he might have  preferred the phrase  “market’s invisible computer”.  … Continue reading →

By Witold Marciszewski Once at my lecture on European Integrations,  a student expressed  his opinion  about an  European country (no matter which) that its government is undoubtedly stupid.  I did not object  the use of the word since  it has … Continue reading →

The core of Nouriel  Roubini’s  brilliant  book “Crisis Economics” (2011)  may be summed up to the effect:  an  important tip on how to rescue  the world economy (and thereby Europe’s economic integration)  may come from an unexpected source.  To wit, … Continue reading →