Wittgenstein’s “Notes on logic”

In September 1913 Ludwig Wittgenstein, together with David Pinsent, stayed for the first time in the small village of Skjolden on the Sognefjord near Bergen in Norway. On his way back to Vienna in early October Wittgenstein dictated some material in German to a typist at the Berlitz School of Translation in Birmingham where Pinsent’s family lived. He then . . . → Read More

CDS does not guarantee a good night’s sleep

If Greece restructures its debt, credit default swap owners appear to be covered against losses. But what if the restructuring is “voluntary” or debt magically changes nature: the insurance may prove illusory. → Read More