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Shortly before Harry Markowitz defended his economics dissertation, Portfolio Selection, at the University of Chicago, he thought, "I know this subject cold. Not even Dr. Milton Friedman can give me a hard time."
Then, ...
In the nearby addition problem, each of the symbols represents a single digit in the set,
{1, 2, 3, 4}.
What is the value of each symbol?
In 1980 French voters elected a Socialist president and parliament that taxed, borrowed, spent, and increased regulation. That led to disaster for the French economy. Will history repeat itself?
The most important factors were economics, party politics, and personalities.
Candidate Hollande, said he wants to save "French exceptionalism"--of which key pillars seem to be the 35-hour work week and retirement at age 62--and he wants faster economic growth.