George Soros makes the case for economics as a social science using his theory of reflexivity. Here are some additional thoughts to help understand why markets fail.
By Rick Bookstaber
M&A activity is showing signs of life, activity reaching its highest levels since 2007. What more appropriate symbol of the renewal of the economy, of the emerging spring-time of our business cycle, than the merger…
A corporation is a societal construct codified into legal existence to further the mutual interests of individuals. A corporation is "an artificial being, invisible, intangible, and existing only in contemplation of the law," according to…