The Wealth of Nature
In “The Wealth of Nations”, Adam Smith said we should all do what we do best, and rely on others for the rest. In “A Brief History of Equality”, Thomas Piketty emphasizes that Nature’s balance sheet accounts for externalities, which we ignore at our peril. Somewhere, Yogi Berra observed that in theory, theory and practice are the same, but in practice they’re different.
08:15 CDT
The Wealth of Nature
In “The Wealth of Nations”, Adam Smith said we should all do what we do best, and rely on others for the rest. In “A Brief History of Equality”, Thomas Piketty emphasizes that Nature’s balance sheet accounts for externalities, which we ignore at our peril. Somewhere, Yogi Berra observed that in theory, theory and practice are the same, but in practice they’re different.
08:15 CDT