by Rufus F.
February 9, 2010
Long before they were recorded, the Homeric legends were the material of traveling oral bards who composed as they chanted, making use of certain stock formulas: the battle, the speech, the ritual, proper descriptions for the goods, etc, and reciting stories that lasted hours, or even days. In a time of regional decline and stagnation, the epics recalled the greatness of the Mycenaean culture, while creating a common literature for the coming Archaic Greek revival; they stood, in a sense, ...
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by Chris Dierkes
February 9, 2010
Dani Rodrik on the Chinese trade imbalance vice grip: So we are left, it seems, with two equally unappetizing options. China can maintain its currency practices, but at the risk of large global macroeconomic imbalances and a major political backlash in the US and elsewhere. Or it can let its currency appreciate, at the risk of inducing a growth slowdown and political and social unrest at home. It is not clear that advocates of this option have fully comprehended its ...
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