ON WEDNESDAY November 23rd, an auction of German government bonds (known as “Bunds”) managed to sell only €3.6 billion out of a total €6 billion worth of Bunds on offer (source: Economist). Germany is one of the most financially stable countries in the Euro-zone, so its failure to sell all of its Bunds is worth […]
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The Hospital Bed Question
THE guesstimate question is a usual type of question that you can expect to be asked when interviewing for a position at a consulting firm. Here is one to test your mettle. The Hospital Bed Question The question is this: How many hospital beds are required in New York city to provide for all of its pregnant […]
IN THE WAKE of the global financial crisis, there has been a backlash against the mainstream school of economic thought, of which Greg Mankiw is a proponent. Mainstream economists did not predict the global financial crisis and notable commentators, including Steve Keen, single out the narrow minded and simplistic ideas put forward by mainstream economists as the […]