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Political Information

Market Impeders and Market Inefficiencies


Even the most devout proponents of free marketry and hidden hand theories acknowledge the existence of market failures, market imperfections and inefficiencies in the allocation of economic resources. Some of these are the results of structural problems, others of an accumulation of historical liabilities. But, strikingly, some of the inefficiencies are the direct outcomes of the activities of "non bona fide" market participants. These "players" (individuals, corporations, even larger economic bodies, such as states) act either irrationally or egotistically (too rationally).

Immortality and Mortality in the Economic Sciences


Roberto Calvo Macias, a young author and thinker from Spain, once wrote to me that it is impossible to design a coherent philosophy of Economy without accounting for the (sad?) fact that we are mortals. This insight is intriguing. It is not that we refrain from Death in dealing with matters economic. What are estate laws, annuities, life insurance policies - but ways to cope with the Great Harvester? But this, admittedly, only scratch the non-profound surface of the question.

The Distributive Justice of the Market


(1) Each person is to have an equal right to the most extensive total system of equal basic liberties compatible with a similar system of liberty for all.

The Fabric of Economic Trust


Economy is called the dismal science because it pretends to be one, disguising its uncertainties and shifting fashions with mathematical formulae. Economy describes the aggregate behaviour of humans and, in this restricted sense, it is a branch of psychology.

The Revolt of the Poor: The Demise of Intellectual Property?


Three years ago I published a book of short stories in Israel. The publishing house belongs to Israel's leading (and exceedingly wealthy) newspaper. I signed a contract which stated that I am entitled to receive 8% of the income from the sales of the book after commissions payable to distributors, shops, etc. A few months later (1997), I won the coveted Prize of the Ministry of Education (for short prose). The prize money (a few thousand DMs) was snatched by the publishing house on the legal grounds that all the money generated by the book belongs to them because they own the copyright.

The Blessings of the Black Economy


Some call it the "unofficial" or "informal" economy, others call it the "grey economy" but the old name fits it best: the "black economy". In the USA "black" means "profitable, healthy" and this is what the black economy is. Macedonia should count its blessings for having had a black economy so strong and thriving to see it through the transition. If Macedonia had to rely only on its official economy it would have gone bankrupt long ago.

To Grow Out Of Unemployment


There is a connection between economic growth and unemployment. There is a connection between growth and inflation. Therefore, commonsense (and financial theory) goes, there must be a connection between inflation and unemployment. A special measure of this connection is the Non Accelerating Inflation Rate of Unemployment (NAIRU). Supposedly, this is the rate of unemployment which still does not influence inflation. If unemployment goes below NAIRU, inflationary pressures begin to exert themselves.

Liquidity or Liquidation


Large parts of the world today suffer from a severe liquidity crisis. The famed globalization of the capital markets seems to confine itself, ever more, to the richer parts, the more liquid exchanges, the more affluent geopolitical neighbourhoods. The fad of "emerging economies" has all but died out. Try telling the Macedonians about global capital markets: last year, the whole world invested 8 million USD in their poor country. Breadwinners earn 300 DM a month on average. Officially, in excess of one third of the workforce is unemployed. Small wonder that people do not pay their bills, employers do not pay salaries, the banking system has a marked tendency to crash every now and then and the average real default rate is 50%.

Workaholism, Leisure and Pleasure


The official working week is being reduced to 35 hours a week. In most countries in the world, it is limited to 45 hours a week. The trend during the last century seems to be unequivocal: less work, more play.

Competition Laws


A. THE PHILOSOPHY OF COMPETITION

Another Round of EU-Iran Talks Starts April 10 - Will Iran Be Referred To The UN Security Council?


Iran?s objection to ratifying the International Atomic Energy Agency?s Additional Protocol of the IAEA is said to be the main obstacle to dispelling fears that it is not building a nuclear weapon. Iranian and EU officials meet April 10 to try to resolve a stalemate in their negotiations over this issue. If they fail, the EU will likely support the US and refer the case to the UN Security Council.

Israel Termed A ?Nuclear Power? By US Officials


In the last two weeks, two non-senior US officials indirectly called on Israel to start planning on cancelling its nuclear weapons programs. Even though they said this is not intended for ?the foreseeable future?, their publicly terming Israel a nuclear power on a par with India and Pakistan might be a sign that the US perceives of nuclear issues as too serious to condone the double standards it employs freely on other issues.

Anglo-Israelism and the Flesh


Recently a friend insisted that I read a book by Steven M.Collins, titled The ?Lost? Ten Tribes of Israel...Found! This book tries to convince people that the ?Lost? tribes of Israel after being uprooted by the Assyrians, started colonies all over the world and then ultimately migrated to Britain and then to America. The book attempts to prove in 439 pages what has been known as British- or Anglo-Israelism. The book was originally written in 1992 and was revised in 1995 and is gaining influence in some ?patriot? circles. Some people who hold this theory are racists, following from their fleshly or carnal understanding of the outworking of God?s covenant in history exclusively along racial lines. A major thesis of the book is that the Jews (Judah) and Israelites are two separate and distinct peoples and kingdoms who must never be confused. Mr. Collins says, ?...the Jews ceased to be part of the kingdom named Israel? (23). The author goes on to say that ?the term ?Israel? does not apply to Jews from the time of the divided kingdom forward? (23). Is this true? This is not a comprehensive review of Collins? book. There are numerous problems in this book, some of which are dealt with below.

UAV Targets, Aerial Dog Fights, Interception, Future of War Intelligence


The UAV, Unmanned Aerial Vehicle is hear to stay and they are rapidly replacing the glory days of the fighter pilot and soon, there will be no humans in military aircraft flying the planes. Here is a quick overview of UAVs and all the new types. Hopefully these few links can catch you up on the subject to understand the future of these units.

UAV Materials and Thoughts on New Technologies and Keeping Up With Our Opponents


Possible UAV materials are infinite: Foam, Composite, Balsa Wood, Plastic, Synthetic Balloon Material, Aluminum, Titanium, Spider Web Organic Material, etc. I propose some late breaking technology and newer materials, ceramic coatings and or UAVs built from photorefractive composites? Materials such as this:

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