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It is impossible to understand the history of economic thought if one does not pay attention to the fact that read more
It is impossible to understand the history of economic thought if one does not pay attention to the fact that economics as such is a challenge to the conceit of those in power.
Today is a... digital incarnation of Oz - the Internet - we are a motley group of fools from lions read more
Today is a... digital incarnation of Oz - the Internet - we are a motley group of fools from lions to scarecrows, learning from each other, making and taking responsibility for our decisions, and having fun as we skip down the yellow brick road of investing together!
Debt is the worst poverty.
Debt is the worst poverty.
Economics is first and foremost about the thoughts leading up to choice.
Economics is first and foremost about the thoughts leading up to choice.
A man with a surplus can control circumstances, but a man without a surplus is controlled by them, and often read more
A man with a surplus can control circumstances, but a man without a surplus is controlled by them, and often has no opportunity to exercise judgment.
It's not the bulls and bears you need to avoid -- it's the bum steers.
It's not the bulls and bears you need to avoid -- it's the bum steers.
You don't want to get the same kind of advice from everyone on your board.
You don't want to get the same kind of advice from everyone on your board.
The Trojans lost the war because they fell for a really dumb trick. hey, there's a gigantic wooden horse outside read more
The Trojans lost the war because they fell for a really dumb trick. hey, there's a gigantic wooden horse outside and all the Greeks have left. Let's bring it inside! Not a formula for long-term survival. Now if they had formed a task force to study the Trojan Horse and report back to a committee, everyone wouldn't have been massacred.. Who says middle management is useless?
If you wish to prosper, let your customer prosper.When people have learned this lesson, everyone will seek his individual welfare read more
If you wish to prosper, let your customer prosper.When people have learned this lesson, everyone will seek his individual welfare in the general welfare. Then jealousies between man and man, city and city, province and province, nation and nation, will no longer trouble the world.