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 …
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 …
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 …
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. …
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…
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, like the Procrustean bed ...
We in Stoastad like nice things. Pleasant, in turn, means pleasing. Something that falls within the realm of personal responsibility is organising your own day-to-day affairs. Mailboxes are like that. Letters, bills, deliveries and magazines are put ...
The Stoic has great admiration for electricians, plumbers and carpenters who arrive at their workplace with a couple of big toolboxes, get to work and not a single tool is missing! There is no way of knowing in advance what particular pinky ...