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Milton Friedman: “Inflation is always and everywhere a monetary phenomenon”
This is another installment in our series of profiles of leading economists from Capitalism and its Critics. Milton Friedman was born in Brooklyn in 1912 and died in San Francisco in 2006 at age 94. He is known as the primary apostle of monetarism, which is the... read more +The Myth of the “Equity” Partner
This column is by Janet Stanton, Partner, Adam Smith, Esq. Let’s get something straight from the get-go: “Equity” as it is known in Law Land is a chimera. Unlike in the other 98% of the economy, equity in Law Land is an illusion. It has no intrinsic or market value...
Can Something Be Irresistible and Irrational at the Same Time?
As we are all fellow members of the human race, I suspect you would join me in admitting that, yes, certain decisions and behaviors are indeed compelling (irresistible) and irrational (self-defeating from the perspective of the longer view). We may not, indeed should...
Summer Reading List 2024
In keeping with our tradition at Adam Smith, Esq. of publishing a summertime diversion in the form of a selective list of what we’ve been reading lately, herewith the 2024 installment. Two novels one collection of short stories, and two nonfiction volumes--one...
Canongate Kirkyard, Royal Mile, Edinburgh
Adam Smith died today, July 17, in 1790, in Edinburgh. He was 67. His gravesite is in Canongate Kirkyard on the "Royal Mile," Edinburgh's most famous street by far, which runs from from Edinburgh Castle. the highest point in town, down to Holyroodhouse (or Holyrood...