Post by: Ivan Ascher


Portfolio Society: On the Capitalist Mode of Prediction

2 Feb , 2018  

A specter is haunting Europe — and much of the rest of the world, for that matter. Even the holy father, who back in the day had joined the czar, Metternich and Guizot, French Radicals, and German police spies in denouncing the evils of Communism, is now claiming that a ...

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“Moneybags Must be So Lucky”: Inside the Hidden Abode of Prediction

15 Aug , 2017  

In the nineteenth century, Karl Marx wondered how it was possible for the exchange of commodities to generate so much wealth for some and so much misery for the others. A similar question now haunts our discussions of financial markets: how can the expanding trade in financial securities create such

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