The article underlines that uncontrolled and wasteful debt is the main culprit for a economic system that not only makes inequality in the world methodically more extreme, but also systematically misdirects economic resources. Mainstream economic thinking is plainly wrong in circumstances of...

Unproductive debt and a broken banking system are identified as the main reasons why the real economies of developed countries are experiencing financial crises. Moreover, the paper identifies concentration of money and power and loosely regulated financial markets as the main drivers impeding...

Through this paper the author emphasizes the need for a coherent and multidisciplinary methodology in the assessment of credit risk in corporate lending. It is argued that credit risk should be assessed in the only context that is possible which is through cash flow projections generated by...

The paper highlights the need for a methodological framework on which to base projections in project appraisal applications. Following an initial definition and sizing of the relevant market of the project, the market is analysed in terms of which are the main customer groups, what their needs...

The article argues that neo-liberal thinking assumes away a real problem in over-indebted economies. The damage that extreme and unproductive private debt creates which is the depletion of equity. This causes widespread broken balance sheets that inevitably hold hostage the economy and hamper...

The question of what is really risk in capital investments is posed and discussed. It is suggested that the almost total acceptance of the concept that volatility constitutes a good measure of risk is wrong and leads towards a misallocation of economic resources. It is argued that the Expected...

The article is a criticism of how a crony capitalism economic system operates to transfer and destroy wealth. It highlights the main economic distortions that lead to financialization of the economy and result in wealth extraction rather than wealth creation

The methodology and uses of Monte-Carlo simulation technique are presented as applied to the analysis and assessment of risk in the evaluation of investment projects. The importance of risk analysis in investment appraisal is highlighted and the stages in the process introduced. The results...

The paper highlights the need for a methodological framework on which to base projections in project appraisal applications. Following an initial definition and sizing of the relevant market of the project, the market is analysed in terms of which are the main customer groups, what their needs...