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Archive for the ‘Finance Articles’ Category

The retreat of “scientific selfishness,” a literature review

Neoclassical economics was built on the straw-man of "**** economicus," an inherently selfish utility-maximizing actor, and since the mid-1970s, we've been building systems and institutions that take this kind of sociopathic behavior for granted.

But the rise of experimental economics, coupled with increasing dysfunction -- stagnation, market concentration, inequality, political instability -- has put "scientific selfishness" ...

No Libra style digital currencies without rules, say EU finance ministers

European Union finance ministers have agreed a defacto ban on the launch in the region of so-called global ‘stablecoins’ such as Facebook’s planned Libra digital currency until the bloc has a common approach to regulation that can mitigate the risks posed by the technology. In a joint statement the European Council and Commission write that ...

Mint: late-stage adversarial interoperability demonstrates what we had (and what we lost)

In 2006, Aaron Patzer founded Mint. Patzer had grown up in the city of Evansville, Indianaa place he described as "small, without much economic opportunity"but had created a successful business building websites. He kept up the business through college and grad school and invested his profits in stocks and other assets, leading to a minor ...

SoftBank pours $100M into Mexico’s Konfio

Three months after Goldman Sachs lent $100 million to Mexican fintech Konfio, SoftBank has invested another $100 million into the financial services company. The investment confirms Reuters’ August report that SoftBank was in advanced talks with the startup — now one of the most heavily funded fintechs in Mexico.  SoftBank is continuing to expand its ...