Collings' Corner: The theory of negativity: EM=?

Albert Einstein was just 26 when, in 1905, he formulated the postulates of special relativity.

According to the first principal of his theory, physical laws have the same mathematical form when expressed in any inertial system. Unfortunately, economics is more of an art than a science, and an Einstein of the macro economy is yet to be born. Perhaps this explains the fact that when some investors look at emerging economies they cannot comprehend socio-economic laws of macro development are bound by the same equations disregarding geography, race or religion. Nations are not born “developed” or “emerging”, they move throughout history from one status to another following exactly the...