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When Institutions Decay

Niall Ferguson’s The Great Degeneration: How Institutions Decay and Economies Die is intriguing since the title reflects what should be an obvious connection: Social institutions do affect economies. The noted British historian’s latest book is … Continue reading

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The Bank That Trust Built

In writing about economy, I have frequently denounced what I call frenetic intemperance. Frenetic intemperance is a term to describe a restless and reckless spirit inside certain sectors of modern economy that foments a drive … Continue reading

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Are People Happier Today?

Sociologist Robert Putnam claims young people today are much less content than in times past. In fact, younger people now tend to be sadder than older people. He writes: “Over these same years … general … Continue reading