The Economist ranked college’s “economic value” The Economist sought to determine a college’s “economic value.” No points are earned for good food, nice dorms, or even engaging professors. Instead, the ranking takes a novel approach: it estimates which schools realistically boost graduates’ salaries. To start, it should be noted that, according to this economics paper, students who…
Day: November 2, 2015
The trust machine The technology behind bitcoin could transform how the economy works
The technology behind bitcoin could transform how the economy works Look at the remarkable technology behind bitcoin. Whatever you think of the cryptocurrency, the “blockchain” is a trust machine that may yet take its place alongside double-entry book-keeping and the limited-liability company as a way of oiling the wheels of commerce BITCOIN has a bad…