So who is winning? Schumpeter or Galbraith? An introduction to an excecllent essay on the subject.
What an idea: we see the baying for a windfall tax on the oil companies: but farmers too are making massive profits so where is the call for the tax upon them?
What is old is new again: At least one of Adam Smith's truths was known in the Babylonian Talmud.
Netsmith thinks it was Somerset Maugham who said that training to be a doctor was an excellent preparation for being a writer. A certain Dr. Paula Gosling demonstrates that well here.
News just in! Changes in prices do lead to changes in behaviour!
This banning of booze on the tube: not very liberal, is it?
And finally, news from the American election cycle.