I suppose the economies of scale are missing. (Image text) In an economic context, “household” is a poor term. It should be replaced with the concept of “catallactics,” which refers to exchange and adaptation. One of the many problems with economics (oikos-nomia) is that …

The economy of the past is often associated with rural life. City dwellers may wonder how much time and effort it would take to make a vegetable stock from fresh produce. (Image text) The economy and price formation involve many different …

In the heat of the class struggle. (Image caption) The class struggle has flared up! The bourgeoisie’s cosmetic reforms didn’t help! The 200% Sunday bonus—which the left also supported all along—didn’t help! The constant raising of pensions—which the left also supported all along—didn’t help! It didn’t help…

Italian actor Totò is quoted as saying, "With money, you can meet the people you want to meet. Without money, you meet the people who love you." This statement is not entirely wrong. In the everyday life of an ordinary person, lasting and ...

The idea of a "deep fear of death" is a typical exaggeration and a typical extreme view. Of course, there is no empirical research to support this claim, and it is a bad mistake to try to force one's own world view to fit such a claim. It ...

It is very peculiar that, concerning Ancient Rome, for the last two millennia, historians of ideas, historians, economists, and theologians have been almost exclusively interested in the question of why Ancient Rome was destroyed. There are various theories about it...