A Novel For Our Times

A Novel For Our Times

“Si tuviera que salvar del fuego una sola de las novelas que he escrito, salvaría esta.”(“If I had to save from the fire just one of the novels I have written, I would save this one.”) — Mario Vargas Llosa referring to Conversación en La Catedral. In his novel,...
The Ordinary Business Of Life

The Ordinary Business Of Life

 In my 1890 edition of Alfred Marshall’s Principles of Economics, the great economist defines economics as “a study of man’s actions in the ordinary business of life.” Too often we only see the highlights: the pivotal conversations, the dramatic turns, the “act...
Billionaire

Billionaire

“Love you all, but there’s a few people in here that have a lot more money than me. If you are a billionaire, why are you a billionaire?” Billie Eilish, after receiving the Music Innovator Award. At the ceremony, Stephen Colbert announced that Eilish donated...
In Praise Of Idleness

In Praise Of Idleness

  Bertrand Russell wrote his essay on the benefits of doing nothing in 1932 during the Great Depression which destroyed the jobs and lives of millions. You can read the essay at this LINK or scroll down to the bottom of this post and listen to it.Russell argues that...
Politics and Markets 3

Politics and Markets 3

 If capitalism undermines democracy (Lindblom, see Politics and Markets 1) and democracy undermines capitalism (Schumpeter, see Politics and Markets 2) then how can we make them compatible?That is the question we face today: authoritarian capitalism, democratic...