Civilizations, like everything under the sun, have a life-cycle. They arise, they persist for a while, and then they inevitable decline and fall. Happened all the time in the past, and there is no reason to believe that it will… Read More ›
Quotes
Reading: Galbraith’s Journey Through Economic Time
John Kenneth Galbraith’s A Journey Through Economic Time (1994) is, like all his works, fascinating reading. One cannot read a single page without pausing to think and reflect. It is slow going consequently.
The Zurich Axioms
Many years ago I had come across the Zurich Axioms on the usenet. Here it is for the record. A set of simple (major and minor) rules devised by a set of Swiss investors, on how to succeed on the… Read More ›
Institution
Every institution exists only in the mind. Each is a manifestation of a very old, very basic idea — the idea of community. They can be no more or less than the sum of the beliefs of the people drawn… Read More ›