How magical does the world appear when witnessing the unstoppable spread of human generosity? It seems that everywhere I turn people are discovering the joy of sharing; from giving free hugs, to distributing excess produce or holding a National Sharing Day. The scientific studies continue to report the welcome news: there is immense value in sharing, especially for the … [Read more...]
Weekly Wisdom: EF Schumacher on non-violent economics
Modern economics does not distinguish between renewable and nonrenewable materials, as its very method is to equalize and quantify everything by means of a money price. Thus, taking various alternative fuels, like coal, oil, wood, or water-power: the only difference between them recognized by modern economics is relative cost per equivalent unit. The cheapest is automatically … [Read more...]
A course to keep you from crashing
If you still think professional economists have any authority left to talk about finance, debt and banking, remember that most of them failed to predict the Great Recession of 2008. Then consider how many of those same financial experts have been saying on and off since the crash that the economy has entered a recovery, even if only a "jobless" one. Recovery? … [Read more...]