Why Catallactics, Part 2

I suppose there are no economies of scale. (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…

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What does it mean to be privileged?

In the ancient Roman army, the Praetorian Guard—the emperor’s personal bodyguards—enjoyed privileged status. For example, their term of service was 16 years, followed by a pension of 20,000 sesterces, whereas a legionary’s term of service was 20 years and…

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Why Catallactics, Part I

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 their own vegetable stock from fresh produce. (Image text) Economics and price formation involve many different…

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The Italian soccer market

A soccer team doesn't make its money on the field, but from the stands. If your team's fan base is very small, it's a good idea to sell players to teams with a huge fan base—preferably a global one. Not everyone seems to have grasped this point…

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Class Struggle Poem

In the heat of the class struggle. (Image caption) The class struggle has flared up! The bourgeois butchers’ 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…

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Socializing cannot be a luxury.

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 ordinary people, lasting and...

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False absolutism in the wine hobby.

When it comes to wines and wine hobby, it's always about price first. If you put a thick enough bag of notes on the table, you can get any wine you want. It's always about value for money and the fact that a good wine connoisseur buys...

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Urban Stoicism and Culinarism

Urban Stoicism is neither an ideology nor a religion. It is not a system in which self-invented concepts are forced, piece by piece, with pretense, to conform to reality (and if not, then to the bed of Procrustes...

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