Friedrich Hayek

There is one law that has applied in every society and almost throughout human history. The law of supply and demand. It is simple and does not need legislation. It creates what Austrian economist and academic Friedrich Hayek called "spontaneous order" and solves the problem of scarcity.

Greece's former socialist prime minister Costas Simitis will be awarded an Honorary Fellowship by the London School of Economics and Political Science (LSE) at a ceremony on 8 December in Athens, the university announced.

"The former Prime Minister of Greece and LSE alumnus will be recognised for his exemplary contributions to society," LSE said in a press release on Thursday.

Salma Hayek describes numerous instances of alleged abuse and sexual harassment from Harvey Weinstein in a new editorial in the New York Times titled "Harvey Weinstein Is My Monster."/www.salon.com

Years ago, I participated in a World Bank conference on the Jordanian side of the Dead Sea, near Amman.

 The discussion was on corporate governance reforms, a pet subject of the organization at the time. A portfolio manager took the floor, looked at all the international and national bureaucrats, and shattered my vision for development and change.