ON SEPTEMBER 13th Maxwell Gruver, an 18-year-old student at Louisiana State University (LSU), was invited to the house of Phi Delta Theta, a fraternity in Baton Rouge, Louisiana.
“It’s that 1970s vibe again,” a senior colleague tells me. This being the Financial Times I presume he is picking up echoes of a bygone economic and political milieu, rather than gleefully anticipating the re-emergence of flares or X-rated movie theatres. Either way, it is hard to venture a firm opinion on the matter: as […]
“GIVE me your tired, your poor, your huddled masses yearning to breathe free/the wretched refuse of your teeming shore”. So reads “The New Colossus”, the poem by Emma Lazarus inscribed on the Statue of Liberty in New York Harbour.
Richard Thaler has won the Nobel memorial prize in economics, an award that had been anticipated for some time. Mr Thaler is a behavioural economist, one of the group of economists who applies insights from psychology, or perhaps plain common sense, into the idealised world of economic modelling. One trivial behavioural insight that Mr Thaler […]
IN 1960 there were 101 countries whose economies were classified as middle-income. By 2008, only 13 had graduated to the high-income category.