What I’m Reading

From time to time, people ask me what I’m reading when trying to figure out what is going on in the economy these days. A glib response might be, "anything I can get my hands on," but the question deserves a more thoughtful response, so herewith a book...

BigLaw & The Big Three

Consider Detroit’s Big Three. Having made what  turned  out to be bad bets on  over-investing in now shunned product lines, they’ve been  conspicuously laying people off, downsizing, attempting to  renegotiate credit lines, and...

Nobel Prize in Economics/2008

Not every day do we get a new Nobel Prize winner in Economics, not to mention one whose name, Paul Krugman, might actually be familiar to more Americans than the few of us who are poor closet economists. Krugman is of course not only a Princeton professor (we pause to...

Adam Smith Monument in Edinburgh

At long last, Adam Smith has been honored in his native Edinburgh, with a prominent statue outside St. Giles’ Cathedral on the Royal Mile. As reported by the FT, the unveiling was yesterday: Vernon Smith, the George Mason law and economics professor and winner...

Happy Birthday, Adam Smith

Today, June 5th, is Adam Smith’s birthday, in the year 1723.  He would be 285 today.  As I noted a year ago today, he was born in Kirkcaldy, Scotland, a dozen miles north of Edinburgh across the Firth of Forth: Although his birth home has since been...

Happy Birthday, Adam Smith

Today is Adam Smith’s Birthday: June 5, 1723. He would be 284 today. He was born in Kirkcaldy, Scotland, about 12 miles north of Edinburgh across the Firth of Forth, and is buried just off the Royal Mile in Edinburgh itself. Although there is no memorial to Adam...
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