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Of particular importance in the Medici's early business were the bills of exchange (cambium per literas) that had developed in the co... -
But how much power did even large shareholders have? Little. When the Company's directors petitioned the government to be released fr... -
Meanwhile, Radicals on the Left bemoaned the rise of a new power in the realm of politics, which wielded a veto power over government fin... -
To understand the power of these three innovations, first-year MBA students at Harvard Business School play a simplified money game. It b... -
It was to Lenin that Keynes attributed the insight that 'There is no subtler, no surer means of overturning the existing basis of soc... -
There was in fact no reason other than historical happenstance that money was for so long equated in the Western mind with metal. In anc... -
Mobilizing such vast amounts of gold even at the tail end of a war was risky, no doubt. Yet from the Rothschilds' point of view, the ... -
In the 1920s, as we have seen, Keynes had predicted the 'euthanasia of the rentier\ anticipating that inflation would eventually eat ... -
Stock market bubbles have three other recurrent features. The first is the role of what is sometimes referred to as asymmetric informatio... -
'War', declared the ancient Greek philosopher Heraclitus, 'is the father of all things.' It was certainly the father of t...