Monthly Archives: July 2012

Comments on “The Entitled Generation”

“The authors examined two categories of federal spending over the past 50 years, representing two of government’s fundamental missions. One was “investments,” which includes maintaining our national infrastructure, keeping our military equipped, helping assure that our work force is educated … Continue reading

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The Basis of the Wealth of Nations

What is the real basis of the wealth of a nation, and the societal well-being associated with it? One can define this well-being as the ability to produce more goods and services with equal or less input than previously and … Continue reading

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Can Hard Work and Frugality Alone Explain the Functioning of the Economic System?

Max Weber teaches us in his “The Protestant Spirit and the Ethic of Capitalism”1 about how the Protestant dedication to hard work and frugality explains how modern day capitalism, with its overt emphasis on rational procedures to accumulate profits and … Continue reading

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