In the Aymara language the past is in front and the future is behind. It is rare for languages (at least existing ones) to have the metaphor turned this [...]

Can fund managers capture money that is now gambled away? Investing versus gambling A clean, though imperfect, distinction between investing and gambling is: if the expected return is positive, [...]

There is a deep connection between political mechanisms and economic mechanisms, at least according to Ajay Shah. Price flexibility Ajay Shah has a post called Jittery regimes fix prices. [...]