Professor Elam

One of the modern classic textbooks in economics was written by Paul Samuelson, we used it in my Econ course. In this article Prof Samuelson holds forth on the Panic of 1907 and how fear of default could raise interest rates.  Good reading.

We have discussed globalization and how Western Europe is now lagging Eastern Europe in terms of growth and that Western Europe has a staggering 10% unemployment rate. Interestingly presidential elections in France only take a couple of months, why can’t we do it that way?  At any rate, here is a look at the French candidates.  Will a real change take place or will France cling to its socialist past?