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One of them is a decrease in lending, and another is an increase in trading—particularly the kind of rapid-fire computerized trading that now makes up about half of all US stock market activity.13
“Bryan was now paid by Merrick to stand on a platform of another kind, erected over the water, and speak not of the gold standard but of the Gold Coast.”
― Hall of Mirrors: The Great Depression, the Great Recession, and the Uses-and Misuses-of History
― Hall of Mirrors: The Great Depression, the Great Recession, and the Uses-and Misuses-of History
“Or to use the unbundling theme, globalization’s third unbundling is likely to allow labor services to be physically unbundled from laborers.”
― The Great Convergence: Information Technology and the New Globalization
― The Great Convergence: Information Technology and the New Globalization
“By relaxing the constraints that had underpinned the vast imbalances in the global distribution of knowledge, the ICT revolution unleashed a historic transformation that might be called the Great Convergence.”
― The Great Convergence: Information Technology and the New Globalization
― The Great Convergence: Information Technology and the New Globalization
“Coral Gables was successful from the start.”
― Hall of Mirrors: The Great Depression, the Great Recession, and the Uses-and Misuses-of History
― Hall of Mirrors: The Great Depression, the Great Recession, and the Uses-and Misuses-of History
“Given the high cost of moving ideas, the resulting spatial dispersion of production dampened innovation—both on the demand side and supply side.”
― The Great Convergence: Information Technology and the New Globalization
― The Great Convergence: Information Technology and the New Globalization
Ilseop’s 2025 Year in Books
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