When Reason Changes State

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In 1799, Francisco de Goya published Los Caprichos. Among his engravings was one destined to stand the test of time: a man sleeps, leaning over a table, whilst owls, bats and creatures of

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What the Market Thinks

In an economy as small as Chile’s, and with the degree of concentration that characterizes it, the constant appeal to “what the market thinks” should at least raise doubts. Far from representing

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