When I first studied economics in university, I came across in my economics textbook the statement that savings equals investment, or S = I. This
What Does a Bee Look Like to a Bee? The Perceptual Multiverse
In reply to the question posed in the title, most people would say that when a bee looks at another bee, or if it were
The Myth of Individualism
In Western countries, there is a widespread belief in what I will call the Cult of the Individual. This cult is manifested in things like
Speculation Fever: The Alchemy of Making Money from Money
In a word, the great speculating fever which breaks out every now and then in the country, had raged to an alarming degree, and everybody
Worship Not the GDP
In recent decades, as economists have gained a preponderant influence not just on economic matters, but also on political and social matters, a country’s GDP,
The Sherlock Holmes Fallacy
The detective stories written by Arthur Conan Doyle featuring his legendary protagonist Sherlock Holmes have been read by many millions of readers. Fairly early in
Homo Stupidus 