As our markets implode and wave after wave of bad financial news hits the wire, wild-eyed investors search in vain for a "safe haven" from risky, highly leveraged investments; high risk investing started with complex investment instruments like credit default swaps and mortgage-backed securities, but has now filtered throughout the marketplace, moving to equities, and [...]

 This is a species of freshwater shrimp (Macrobrachium sp.) from the tropical Chapare region of Cochabamba, Bolivia.  This specimen was given to me over a year a go by young researcher and innovator.  He believes that this species of prawn has economic potential, as they grow fast and endure a variety of conditions.  [...]

The Third World farmer lives constantly on the precipice of disaster. They are not blessed with many of the things we take for granted: la steady job, stable income, an economy fairly free from inflation, and a social services network that helps to mitigate the effects of natural disaster. [...]

Innovation, by its very nature, is difficult to institutionalize. Innovation requires free and open environments where people can be creative, explore their own interests, and leverage available resources. Institutions rely on predictable processes so that when someone flips a switch or makes a phone call, they get the expected [...]

In many ways economics is a historical science. Economists rely on historical data for the formulation of predictive models. Therefore, economics is a science of precedence. One of the most pertinent critiques against the modern practice [...]