Month: July 2018

The Paradox of Unthrift Waiting for another – doubtless very different – Keynes

The cornerstone of John Maynard Keynes’ General Theory of Employment, Interest and Money is the rejection of one of the pillars of classical economics, and indeed of virtue itself classically understood. That pillar is saving. In that classical world, saving is a fundamentally important action, crucial to economic survival and growth. From it flows the … Continue reading “The Paradox of Unthrift Waiting for another – doubtless very different – Keynes“

Consumers of the World, Unite! A Dissection of Contemporary Mass-Man

There is something different, something new and unprecedented, about the generations of the 20th and 21st centuries as compared with all  those that went before them. This was already noted in 1930 by the great Spanish journalist and philosopher José Ortega y Gasset, when he unveiled[1] the phenomenon of el hombre-masa, the mass-man, otherwise known … Continue reading “Consumers of the World, Unite! A Dissection of Contemporary Mass-Man“