The “Economy” is Much Harder to Control Than You (or Trump) Thinks

As humans, we are plagued with the innate hubris of our ability to control our world. Here's the reality: Not only do we have very little control over our own career paths, but we hardly stick to our own weekly schedule! There are far too many variables that get in the way of our plans. … Continue reading The “Economy” is Much Harder to Control Than You (or Trump) Thinks

Valentine’s Day Is Over: Getting Out Of The Steady State

Now that the Valentine’s Day chocolates have been consumed and flowers have withered and died, many of us go back to the same old routines in our relationships. That is, we go to work, be nice to each other (hopefully), and continue to use our comparative advantages at home. We go back to our “steady-state”. … Continue reading Valentine’s Day Is Over: Getting Out Of The Steady State

Virtue in Markets: Adam Smith Meets Kanye West

Smith and Kanye both understand that the markets are the primary method of sharing and appreciating the talents of the scorned entertainer. However, to simplify the market by removing “agreeable and beautiful” virtues, either for the purpose of depriving the market of virtue entirely or for the preservation of public virtue, is a fundamental misapplication of what a Smithian market is supposed to accomplish. Markets are not supposed to provide either orthodoxy or debauchery, but to carefully explore the ways in which a society, comprised of individuals with unique talents with rewards, can become more fully human.