Much of modern economic thought is based on the idea of man as the “rational optimizer” who always judges his needs and efficiently uses the means at hand to reach his goal. The market supposedly reflects this idea of man. Is Technology Ruining Your Life? Take A Quick Quiz To Find Out By Clicking Here. … Read more
“The more precise the form in which money renders its services, the smaller is the quantity of money required and the more easily can its place be taken by a more rapid circulation.” (Taken from Georg Simmel, The Philosophy of Money, Routledge, New York, 2008, p. 195.)
“Modern culture is defined by this extraordinary freedom to ransack the world storehouse and to engorge any and every style it comes upon,” writes Daniel Bell in his book The Cultural Contradictions of Capitalism. This notion of culture is defined by the individual’s claimed right to experience everything in the name of self-fulfillment. It is … Read more
Many believe that production among wage earners can be increased simply by increasing the number of hours that person works. Such reasoning holds that a person is a machine that can be switched off and on indifferent to their requirements as living beings. Such assumptions are wrong. People are not machines. They need rest. Hardworking … Read more
With the nation polarized and unable to move forward, many people are suggesting that what our country needs is a business model for governing. Forget about the moral issues. Run the nation like a business and everything will come out all right. Find a candidate who gets things done in business and that person will … Read more
In an age of instant gratification, we are encouraged to forget about the most important things in our lives. Our rushed and hectic schedules demand our attention. We must have everything now, instantly, regardless of the consequences. It must be the latest and greatest, the biggest and the best version; it must be new and … Read more
“The science of economics is concerned with the question of valuation that arises from the use of scarce means for the attainment of alternative ends.” Is Technology Ruining Your Life? Take A Quick Quiz To Find Out By Clicking Here. “These ends the economist takes as final data, facts of human choice or preference. He … Read more
As we sail on the choppy seas of a questionable economic recovery, we can look back upon a storm of our own making that has wreaked havoc upon our financial system. That storm is the Dodd–Frank Wall Street Reform and Consumer Protection Act. Enacted five years ago, the mammoth law of all laws to fix … Read more
To understand the present crisis, we must now see why our cooperative union is failing. We believe the cause is found in an element of imbalance called frenetic intemperance that has entered into the dynamic economic system that is the centerpiece of our American model. This, in turn, has had an effect upon our corresponding … Read more
We can never satisfy all of our desires because everyday reality constantly presents obstacles that must be overcome. As a result, everyone knows that we must adjust our desires to reality, rather than the other way around. Advertising fails because it refuses to acknowledge the trials of this life and the reality of tragic outcomes. … Read more
