Sublime

The overall result is an initial productive surplus that primes demand for goods and services.

Negative interest on currency must accompany Georgist or Gesellian levies on land as well, and indeed on any other source of “economic rents.” The physical commons of land, the genome, the ecosystem, and the electromagnetic spectrum, as well as the cultural commons of ideas, inventions, music, and stories, must be subject to the same carry costs as

Keynes underestimated the many roles that work plays in our lives beyond our economic needs, but the question he raised was the right one: how will we organise liberated time in ways that are meaningful and satisfying? Will we see ever more refined subcultures of hedonism,

Unfortunately, the return of instability coincided also with the ascendancy of a new interventionist orthodoxy in economic theory which, extrapolating from the entirely unusual circumstances of the immediate postwar, attributed business fluctuations not to changing financial structures but rather simply to fluctuations in aggregate demand. Accordin

Yet nearly 250 years after Smith wrote The Wealth of Nations, the publication most committed to defending his legacy was now uncertain whether one of the central premises of his thinking would endure for much longer. Such doubt resides at the very heart of what the Third Disruption means. If capital can become labour – if tools produced by humans c

After the war, John Maynard Keynes predicted countries wrecked by war would go on to have a “craving for social and personal security.” Which is what happened.

David Fleming wrote, ‘If the mature market economy is to have a sequel … it will be the work, substantially, of imagination.’

that if they want to keep their money and use it to gain more wealth, they are better off investing it where the rule of law prevails and where private property is respected