Belief in miracles

Neoclassical Miracles

We study the dynamic behavior of a Neoclassical growth model with finite lifetimes and imperfect altruism in which individuals can accumulate both physical and human capital. We use the model to better understand and explain the behavior of economic miracles. Our results suggest that standard Neoclassical forces can account for the performance of the miracle economies and can explain the protra...

The Biology of Belief Unleashing the Power of Consciousness, Matter and Miracles

The Miracles of Globalization

By the early 1980s, a number of distinguished economists had amassed compelling evidence that outward-oriented trade policies were far more likely than protectionism to lead to economic growth. The evidence was contained in two multi-country research projects-one at the Organization for Economic Cooperation and Development (OECD), led by Ian Little and others, and the other at the National Bure...

The medical miracles delusion.

Humans are not ants, but we often trudge together along the same trail, neglecting to look around for alternatives. Mass delusions involve large groups holding false or exaggerated beliefs for sustained periods. Humanity has a long, sorry list of these shadow-the-leader epidemics of collective consciousness which appear obviously wrong only in hindsight. Some last for centuries: early alchemist...

Aging: miRacles of Longevity?

The inventory of processes that miRNAs regulate has continued to expand since their relatively recent discovery. A new study reveals not only that the expression of miRNAs changes with age, but also that these miRNAs can act in both pro- and anti-longevity regulatory pathways.