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A clear understanding of what we know, don't know, and can't know should guide any reasonable approach to managing financial risk, yet the most widely used measure in finance today--Value at Risk, or VaR--reduces these risks to a single number,

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Throughout his many writings, Michael Novak, one of the leading Catholic social theorists of our times, has urged us to adopt a tripartite system of democratic capitalism including a market economy, a democratic polity, and a moral-cultural system

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