Cango Inc. Class A Ordinary Shares (NYSE:CANG)

The heuristic rule of *accumulative advantage* suggests that a small fraction of the population enjoys a large proportion of both capital and wealth creatio

Barry Eichengreen compares the Great Depression of the 1930s and the Great Recession as historical episodes of economic woes. Barry Eichengreen (2016)

The financial services industry needs fewer banks worldwide. As long as banks have existed in human history, their managers have realized how not all dep

The Sino-American trade war may slash global GDP by $600 billion. If the Trump administration imposes tariffs on all the Chinese imports and China retaliate

Several investors and billionaires such as George Soros, Warren Buffett, Carl Icahn, and Howard Marks suggest that the time may be ripe for a major financia

International trade, immigration, and elite-mass conflict The elite model portrays public policy as a reflection of the interests and values of elites. I