In the New Yorker this July, Jon Lee Anderson wrote a fascinating article about Timbuktu, where Al Qaeda is working to become a legitimate political power. A scary story. But a beautifully written one. Take this paragraph when he introduces readers to the city in question: Timbuktu is a small, unlovely city in shades of…
Fascinating new research sheds light on why so many people stick with dull jobs over trying something more exciting: They don’t expect to get paid enough to justify going after the more interesting options. Research into “effort aversion“ by Duke University Fuqua School of Business marketing professor Peter Ubel and David Comerford, an assistant professor at Stirling University found that in…
I thought I would share this wonderful poem with you: For eleven years I have regretted it, regretted that I did not do what I wanted to do as I sat there those four hours watching her die. I wanted to crawl in among the machinery and hold her in my arms, knowing the elementary,…
“Few sinners are saved after the first twenty minutes of a sermon.” Amen to that!
I could go on quoting Abraham Lincoln all day long, for he was one of the finest writers of his or any time. Here’s one very special quote, where Lincoln uses the metaphor of a snake to make distinctions between slavery itself being bad, versus policies to limit slavery to the south, versus policies to…
For at least the last few decades, conservative legal scholarship in United States has paid a great deal of attention to the idea of original intent. According to this view, the best way to interpret the Constitution of the United States is to imagine what the writers of that document meant at the time they…
An article from The Economist last April explored Margaret Thatcher’s influence on government spending in Britain during her tenure as prime minister. The magazine published a very interesting graphic, showing the rise of government spending in five countries. I thought I would reproduce the picture for you here, because it illustrates some fascinating issues: First, at…
It’s always tricky to judge anyone’s moral character, much less that of historical figures who lived during times very different from our own. Most of the great people who founded the United States, for example, had slaves. Some even sired children with those slaves – like Thomas Jefferson. Hard to know how to judge that….
In their book Animal Spirits, George Akerlof and Robert Shiller recount the intellectual battles waged between Milton Friedman and Paul Samuelson, two of the 20th century’s most important economists. Friedman was a huge believer in the power of markets, and in consumers’abilities to make rational decisions. Samuelson also recognized the power of markets, but thought…
Albert Rees was a University of Chicago trained economist who wrote some of the most influential works in the field of labor economics. Despite his Chicago training – Chicago being the epicenter of the idea that humans are guided largely by rational choice – he was well aware of something crucial missing from economic theory:…