Renaissance

An Educated Renaissance 1. Hans Holbein’s The Ambassadors, an icon of the Renaissance, yet only discovered in the 19th century. Its enigmatic sitters and objects offer a wealth of insights into the period.                      ...

Read More

The Benefits of the Invisible Hand

Smith argued that these three ingredients would lead to a "natural harmony" of interests between workers, landlords, and capitalists.Recall the pin factory, where management and labor had to work together to achieve their ends, and the woolen coat that required the"joint labor" of workmen, merchants, and carriers from around the world. On a general scale, the voluntary self-interest of millions of...

Read More

Marx and Communism

Yet, like Cain in the Bible, Marx is cursed with a black mark in history.               His name will forever be associated with the dark side of communism. A spectre is haunting Karl Marx—the history of Lenin, Stalin, Mao, and Pol Pot, and the millions who died and suffered under the "evil empire," as Ronald Reagan called it. Apologists say Marx cannot be held...

Read More

Debt and Deflation

Contrary to today,deflation-prices falling from year to year instead of rising-wasn't perceiving as a threat every time.The alive Economies faced that phenomenon in stages before 20th century along several century.In fact, Milton Friedman has upholded that in theory that governments should endure a certain amount of deflation..                   While...

Read More