Human beings have always lived in groups, and their individual lives have
invariably depended on group decisions. But, given the daunting challenges of
group choice, owing to the divergent interests and concerns of the group’s
members, how should collective decision-making be carried out?
The world has simultaneously benefited from globalization and failed to
manage the inherent complications resulting from the increased integration of
our societies, our economies, and the infrastructure of modern life. As a
result, we have become dangerously exposed to systemic risks that transcend
Most dollar commodity prices have fallen since the first half of the year.
Though a host of sector-specific factors affect the price of each commodity, the
fact that the downswing is so broad – as is often the case with big price swings
– suggests that macroeconomic factors are at work.