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October 10th, 2012, 15:49
Here is an imho very good Article by Nobel Prize winner Joseph Stiglitz : http://www.ftd.de/finanzen/maerkte/:…/70048716.html

It is in german language, though. But I assumethat everyone here is capable of using an translation service.

"Rent-Seeking" ? That term was new to me : http://en.wikipedia.org/wiki/Rent-seeking

Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius and a lot of courage to move in the opposite direction. (E.F.Schumacher, Economist, Source)
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