Economics Archive

  • Meet David X. Li and the formula that killed Wall Street

    Meet David X. Li and the formula that killed Wall Street

    So this is the math that’s wreaked havoc on the global economy. Wired’s got a great story about David X. Li, the Chinese-born mathematician whose formula (above) was largely responsible for the financial meltdown — or at least the global misuse and abuse of this...

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  • PC World: How Will the $7.2 Billion Allotted for Broadband Stimulus Be Spent?

    PC World: How Will the $7.2 Billion Allotted for Broadband Stimulus Be Spent?

    PC World, February 20 2009: by Cyrus Farivar In the American Recovery and Reinvestment Act of 2009, recently enacted by Congress, many details regarding the allocation of funds for high-tech projects remain blurry. Nevertheless, the nation’s tech community appears to be encouraged by the $7.2...

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  • Slate: The $100 Distraction Device

    Slate: The $100 Distraction Device

    Slate: So what happens when good fortune delivers vouchers (and hence computers) into the homes of Romanian youths? Obviously a lot more time logged on to a computer—about seven hours more per week for vouchered versus unvouchered kids. Much of this computer time came at...

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  • Income in Iran

    Income in Iran

    The most interesting thing that I learned from Karim‘s talk last week, which was also mentioned in Afshin Molavi’s The Soul of Iran , which I’m reading now, is the following: As opposed to other developing nations whose per capita incomes have always been low...

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