Showing 1 - 10 of 156
What's to blame for inequality?
Oped, Published on 01/09/2025
» Over a decade ago, Nobel laureates Daron Acemoglu and James A Robinson, together with their co-author Thierry Verdier, contrasted America's "cutthroat" brand of capitalism with Western Europe's "cuddly" version. The qualities that make cutthroat capitalism more conducive to innovation, they argued, also lead to higher levels of inequality, while cuddly reward structures tend to lead to lower growth and higher welfare. Today, inequality is soaring, notably in the United States. Do policies aimed at boosting innovation risk making a bad situation worse?
New movies out this week: July 31-Aug 6
Guru, Nianne-Lynn Hendricks, Published on 31/07/2025
» New releases that hit cinemas in Thailand this week.
Blessed be the funk
Life, John Clewley, Published on 18/06/2025
» Last week, two giants of US popular music passed away. Beach Boys legend, composer/songwriter Brian Wilson, and funk pioneer Sly Stone of Sly & The Family Stone fame.
James Jirayu Named Thailand’s First Bed Ambassador
Published on 21/03/2025
» In a groundbreaking move for Thailand's bedding industry, Lotus Mattress has appointed popular actor James Jirayu Tangsrisuk as the country's first-ever Bed Ambassador, positioning quality sleep as the foundation for making dreams come true.
Was DeepSeek-R1 release a Sputnik moment for AI?
News, Published on 07/02/2025
» After the release of DeepSeek-R1 on Jan 20 triggered a massive drop in chipmaker Nvidia's share price and sharp declines in various other tech companies' valuations, some declared this a "Sputnik moment" in the Sino-American race for supremacy in artificial intelligence. While America's AI industry arguably needed shaking up, the episode raises some difficult questions.
Rethinking national prosperity through institutions
News, Published on 13/11/2024
» Each autumn, a telephone call from Stockholm launches one or a few scholars to international fame with the bestowal of the Nobel Memorial Prize in Economic Sciences -- a process that Irving Wallace dramatised in his 1962 potboiler The Prize.
Why do some countries prosper while others falter?
News, Jeffrey Frankel, Published on 06/11/2024
» Why have some countries grown rich and others not? The three winners of this year's Nobel Prize in Economic Sciences -- Daron Acemoglu, Simon Johnson, and James A Robinson -- offer a simple answer: institutions. Countries with "inclusive" institutions -- which underpin an open society, accountable government, economic freedom, and the rule of law -- do better than those with "extractive" institutions that reward those in power.
Beastly diversions
Oped, Postbag, Published on 19/10/2024
» Re: "Thailand's most unlikely A-list celebrity", (PostScript, Sept 22) & "Hippo rescue", (PostBag, Oct 17).
Nobel economics prize goes to inequality researchers
Published on 15/10/2024
» STOCKHOLM: Three US-based academics won the 2024 Nobel economics prize on Monday for research that explored the aftermath of colonisation to understand why global inequality persists today, especially in countries dogged by corruption and dictatorship.
AI model 'better' at pricing currencies than humans
Bloomberg News, Published on 25/09/2024
» LONDON - ING Groep NV is starting to use artificial intelligence (AI) to price currencies, replacing a job traditionally performed manually by the bank's traders.