Your economy is booming. Your GDP climbs every quarter. Jobs multiply like rabbits. And yet, people are fighting in the streets over a piece of cloth or a chunk of bronze from 1887. Welcome to the 21st century, where prosperity doesn’t buy peace and economic growth can’t compete with identity. Samuel Huntington saw this coming […]
The War of the Symbols: Why Hijabs, Flags, and Statues Matter More Than GDP Read More »
Imagine trying to predict which businesses will survive the next decade using the same math that calculates planetary orbits. Sounds absurd, right? Yet for over a century, this has been economics’ deepest ambition. The field has been chasing the ghost of Isaac Newton, hoping to discover eternal laws that govern markets the way gravity governs
Richard Nelson: Why Economics Needs a Darwin, Not a Newton Read More »
Picture this: a city that knows when you wake up, tracks how you move, adjusts traffic lights before you arrive, and manages energy down to the last watt. Sensors everywhere. Data flowing like rivers. Algorithms making thousands of decisions per second. This is the dream of the smart city, sold to us as the future
Why ‘Smart Cities’ Are Actually Very Stupid (Friedrich Hayek) Read More »
Every business book tells you the same story. The customer is king. Listen to your market. Give people what they want. Build your product around consumer needs. This advice sounds so reasonable that questioning it feels almost heretical. Yet Joseph Schumpeter, one of the most influential economists of the twentieth century, thought this entire framework
Forget the Consumer: The Entrepreneur is the Only Person Who Matters (Joseph Schumpeter) Read More »
Your manager walks past your desk for the fifth time today. She hovers. She checks. She corrects the font size on your presentation. She reminds you about the deadline you already circled in red on your calendar. This is managing. And according to Henri Fayol, the man who essentially invented modern management theory back in
Why You Should Stop Managing & Start Organizing (Henri Fayol) Read More »
In 1600, merchants convinced Queen Elizabeth I to grant them a monopoly on trade with the East Indies. The pitch: we’ll bring back exotic goods, expand English influence, and share profits with the Crown. In 2015, technologists convinced Silicon Valley that AI should be developed as a nonprofit for humanity’s benefit. The pitch: we’ll build
Why OpenAI is the New East India Company (A David Ricardo Reading) Read More »
In 1930, the economist John Maynard Keynes made a bold prediction. By now, he said, we’d all be working about 15 hours a week. Three hour workdays. A perpetual long weekend. Technology would make us so productive that we’d meet all our needs in a fraction of the time, leaving us to wrestle with the
The ‘Bullshit Job’ Economy: Why Keynes Predicted We’d Invent Fake Work Read More »
You can’t put Gregorian chant on your resume. Knowing the difference between Doric and Ionic columns won’t get you promoted. Being able to name all the moons of Jupiter doesn’t increase your earning potential. Yet people spend enormous amounts of time acquiring exactly this kind of knowledge. Why? The economist Thorstein Veblen had an answer,
Everyone who’s ever sold something on Etsy or posted a “CEO of myself” caption on LinkedIn thinks they’re an entrepreneur. We live in a time when the word has been stretched so thin it barely means anything anymore. Side hustles, passion projects, freelance gigs—we call all of it entrepreneurship. But if we transported a French
Three words. That’s all it took for Murray Rothbard to ignite a philosophical war that still rages today. When the economist and political theorist declared that taxation is theft, he wasn’t making a throwaway comment at a cocktail party. He was lobbing a grenade into the foundation of modern civilization. The phrase seems absurd at