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Vatican and Economics
The Vatican may be a lot of things, but it is not especially capitalist. According to a report by the Vatican Information Service on March 30, 2012, the Bilateral Commission of the Delegations of the Chief Rabbinate of Israel and the Holy See’s Commission for Religious Relations with Jews, held in Rome from March 27-29…
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Crowds or No Crowds at the Narrow Gate?
One popular theory in economics is the idea that there is wisdom in the crowd. A typical demonstration experiment in this area is to have a classroom full of students guess the number of coins or marbles in a jar. The individual guesses are then averaged and the result is compared to the final answer.…