Enlightenment

Taxing the Rich Is Taxing the Future- The Uncomfortable Math of Productive Capital

Taxing the Rich Is Taxing the Future: The Uncomfortable Math of Productive Capital

There is a recurring fantasy in democratic politics. It goes something like this: somewhere out there, a small group of extraordinarily wealthy people are sitting on mountains of cash, and if we could just reach into those mountains and redistribute the gold, most of our collective problems would dissolve. Schools would be funded. Healthcare would […]

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Why Adam Smith Loved Small Talk- The Social Capital of Everyday Interaction

Why Adam Smith Loved Small Talk: The Social Capital of Everyday Interaction

Adam Smith is mostly remembered as the man who explained markets. The invisible hand, the pin factory, the butcher and the brewer pursuing self interest while accidentally feeding the nation. Most people who quote him have not read him, and most people who have read him stopped at The Wealth of Nations. That is a

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I Post, therefore I am- The belief that life did not happen unless it was shared

I Post, therefore I am: The belief that life did not happen unless it was shared

Descartes sat alone in a heated room in 1637, doubting everything he could think of, and arrived at one stubborn truth. He could not doubt that he was doubting. Therefore he existed. Cogito, ergo sum. I think, therefore I am. Almost four centuries later, we have updated the formula. We do not need to think

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Why Universal Basic Income (UBI) Is an Economic Dead End- A Sayian Critique of Money for Nothing

Why Universal Basic Income (UBI) Is an Economic Dead End: A Sayian Critique of Money for Nothing

Jean-Baptiste Say never heard of Universal Basic Income. He died in 1832, long before anyone seriously proposed handing every citizen a monthly check just for existing. But if you could resurrect the French economist and sit him down with a pamphlet on UBI, his reaction would probably land somewhere between a polite cough and a

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Why Your Boss Should Read The Theory of Moral Sentiments (It's Not About Profit)

Why Your Boss Should Read The Theory of Moral Sentiments (It’s Not About Profit)

Everyone knows Adam Smith wrote The Wealth of Nations. It is the book that launched a thousand MBA programs and gave economists permission to talk about self interest without blushing. What most people do not know is that Smith wrote another book first. He considered it his better work. And it had nothing to do

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Why Keynes Is for the State and Jean-Baptiste Say Is for the People

Why Keynes Is for the State and Jean-Baptiste Say Is for the People

There is a quiet war in economics that most people never hear about. It is not fought with data or equations, though both sides pretend it is. It is fought over a single question: who do you trust more, governments or people? On one side stands John Maynard Keynes, the elegant British aristocrat who believed

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