In Chapter 5 we consider swindles and defalcations. It happens that crashes and panics often are precipitated by the revelation of some misfeasance, malfeasance, or malversation (the corruption of officials) engendered during the mania. It seems clea...
The world put's too much emphasis on what a person does in terms of monetary value and social status as opposed to who they are. If I was to ask you if you would be loved for who you are or what you do (eg. your occupation), I would guess that you wo...
An essential pedagogic step here is to relegate the teaching of mathematical methods in economics to mathematics departments. Any mathematical training in economics, if it occurs at all, should come after students have at the very least completed cou...
Oh, there are so many ways to categorize and catalogue things. Alphabetically, numerically, by date, weight, height, color, monetary value, sentimental value, or by Orafoura’s spiritual index. For me, I order things to subdue the overwhelming feeli...
The Bretton Woods saga unfurled at a unique crossroads in modern history. An ascendant anticolonial superpower, the United States, used its economic leverage over an insolvent allied imperial power, Great Britain, to set the terms by which the latter...
Everyone knows that the Internet is changing our lives, mostly because someone in the media has uttered that exact phrase every single day since 1993. However, it certainly appears that the main thing the Internet has accomplished is the normalizatio...
But you didn’t mention Orrigar I, the first king of the House of Chaldarina. He put an end to years of unrest and civil strife. Neither did you mention Ronnick II, the one who reformed the monetary system and forbade the Great Houses to mint their ...
In fact this is precisely the logic on which the Bank of England—the first successful modern central bank—was originally founded. In 1694, a consortium of English bankers made a loan of £1,200,000 to the king. In return they received a royal mon...
