Legal origin: A Chinese perspective

Goldman Sachs may have been significantly off the mark on its call for a bumper rally in Chinese equities in 2012, but this year, the U.S. investment bank is confident that its upbeat outlook for the market will materialize.

Shinzo Abe's re-election on the basis of his monetary policy aggression plans have sent the JPY reeling (as he hoped for) and the NKY soaring - but it is his more aggressive perspective on patriotism that could lead to far greater problems.

A fascinating paper, published in The Quarterly Journal of Economics (2013), 105–164, titled "Human Capital and Regional Development" by Nicola Gennaioli, Rafael La Porta, Florencio Lopez-de-Silanes, and Andrei Shleifer (see also NBER Working Paper No.

Bruno S. Frey, Margit Osterloh, 26 September 2011As the bonus culture in the financial sector once again comes under attack, this column rubbishes the typical defence that banks need to pay top dollar to attract the best talent. Full Article: Why performance-related pay should get the sack

Kevin McElroy submits: Shortly after publishing yesterday’s article “A Note to All Chinese CEOs”, I received a message of concern from a reader.

Here is my latest New York Times column, more philosophical than usual, excerpt:

OTTAWA — By a slim majority, the Supreme Court of Canada has ruled that Quebec does not have to give common-law spouses the same rights as married couples. The complex, detailed ruling issued Friday means the financial aspects of the province’s family law regime are constitutional and do not have to be changed. Despite the fact that one-third of all Quebec couples are unmarried, the province’s Civil Code does not provide equal rights for those in common-law unions.

John Whalley, Yaguang Zhang, Zheng Xueyi, 20 July 2010While many commentators focus on China’s future, this column draws economic theory insights from its past. It argues that Chinese monetary theory preceded Western thought and influenced the likes of Adam Smith and Karl Marx. Moreover, it says the Eastern emphasis on the pursuit of wisdom, as opposed to knowledge, has a role to play in today’s economic debate.Full Article: Monetary theory from a Chinese historical perspective