Tag archives for economics

Authentic growth vs. trash and waste

Authentic Growth

Yesterday the stock market surged. The Dow shot up 380 points, the Nasdaq nearly 90. But while I was rifling through my bedside drawers for some Dramamine, I heard this: House Speaker Nancy Pelosi wants to keep the federal coffers…

The wealth of (Western) nations

The Victory of Reason

“Calvinism is evidently connected with the commercial vocation,” writes Luigi Barzini in The Europeans. “It is not clear to an Italian [like the author], however, whether Calvinists, driven by their stern religious code, become the best merchants, or whether merchants…

Adam Smith for dummies

Adam Smith

Despite their obvious differences, Das Kapital and The Wealth of Nations share at least one similarity: Nobody reads them. In the case of Karl Marx, this is no tragedy. Thanks to the colorful antics of history (many of them sticky and…

If I were a rich man

Fiddler on the Roof

One of the most memorable numbers in the musical, Fiddler on the Roof, is Tevye’s what-if song, “If I Were a Rich Man.” There in his ramshackle barn the poor, Jewish dairyman living in czarist Russia daydreams about being wealthy….

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