Category Archives: Uncategorized

By Vincent J. Truglia In 1956, Richard Lipsky and Kelvin Lancaster introduced the Theory of the Second Best. What they were aiming for was to explore what would happen if all the required conditions for economic models were not met. … Continue reading →

By Vincent J. Truglia April 13, 2013 I fear we are slowly seeing a slide into civil war in the/Ukraine.  I see little room for compromise on either side, especially since both the present “interim” government and Russian speaking Ukrainians … Continue reading →