Tag Archives: Adam Smith

according to hoyle: dicing on the card sharpers

In Las Vegas, the hotel windows are always locked to prevent jumping. Samuel Pepy’s was one of the first to articulate the phenomenon, calling it “deep gaming”, a kind of instinct deep rooted based on the idea, counter to Einstein, … Continue reading

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enlightenment by design: build a better world?

The Enlightenment. This is our tradition. Our world view. The liberal, rational, humanitarian way of thought that have persisted since Adam Smith’s Wealth of Nations, the French Revolution and had earlier seeds in the likes of Spinoza, among others. It … Continue reading

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fat chance & new jerusalem: the equity of pessimism

And the meek shall inherit the debt. Is there an ethical emphasis to economics? Rick Salutin:  So here are some Christmas presents from the Judeo-Christian tradition that I hope will find favour with deniers and those who just don’t care … Continue reading

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in search of vigor

An illness of the nerves. It reveals an underlying stress about our fears about the body. A dissociation between body and soul as mutually antagonistic with only the faintest hope of reconciliation.Hypochondria is a very old name for a malady … Continue reading

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DANCE NOW PAY LATER: LIQUIDITY TRAP BALLET

The consequences of John Maynard Keynes.He conceived the economic machinery that runs our lives. His brilliant engine, despite overhauls and tune-ups continues to run erratically. Is it the driver or the roads?… Keynes identified the economic importance of  animal spirits. … Continue reading

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HAGGIS & HIGHLANDERS: POETS and PLOWMEN

…”Early on, James ( Boswell ) had served notice that he was not cut out to follow in his father’s strait-laced footsteps. Scots are well known for being torn between dour conformity and impetuous rebelliousness, a contradiction emphatically personified by … Continue reading

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CITY OF SOTS: METAPHYSICAL LOVE & “JOVIAL ROARING”

“The doppelgänger represents the side of our nature which must be suppressed in a civilised ordering of society.When the straitlaced Presbyterian physician of Dr Jekyll and Mr Hyde drinks his potion, he releases the more feral and lustful part of … Continue reading

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THE INVISIBLE HAND:Who is the Third Who Walks Always Beside You?

What are the roots that clutch, what branches grow Out of this stony rubbish? Son of man, You cannot say, or guess, for you know only A heap of broken images, where the sun beats, And the dead tree gives … Continue reading

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ADAM SMITH & PONZI NATION: WEALTH OF RATIONS

Adam Smith published The Wealth of Nations in 1776 – not as a textbook, but as a polemical cannon aimed at governments that were subsidizing and protecting their merchants, their farmers, their manufacturers, against “unfair” competition, at home or from … Continue reading

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PINOCCHIO,PROFITS & PEE WEE: ''another NICE mess''

At the G20 Summit in Toronto last week, the major accomplishment was the agreement on the ”Toronto Consensus”, which proclaimed in light of the Tsunami of fiscal stimulus hosed into a river of existing, and backlogged promises to spend, these … Continue reading

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