How the Finance Industry Hurts the Economy

In perhaps the starkest illustration, economists from Harvard University and the University of Chicago wrote in a recent paper that every dollar a worker earns in a research field spills over to make the economy $5 better off. Every dollar a similar worker earns in finance comes with a drain, making the economy 60 cents worse off. [...] ...the growth of complex financial products has served primarily to boost income for the firms themselves, Philippon said. A new paper from researchers in t...

 Parasititic Influence on Evolution

Again and again in recent years evolutionary biologists have found themselves returning to the theme of parasites. As Is Richard Dawkins put it in a recent paper: "Eavesdrop [over] morning coffee at any major centre of evolutionary theory today, and you will find 'parasite' to be one of the commonest words in ti the language. Parasites are touted as the prime movers in the evolution of sex. promising a final solution to that problem of problems.'" Parasites have a deadlier effect than preda...