Category Archives: Uncategorized

I revised my draft of “Die Adam Smith Probleme” during my train ride from Edinburgh to London, and I have just posted my revised work on SSRN (see here). Among other things, I added two new and related open problems … Continue reading →

Originally posted on prior probability:
Pencil sketch map, hat tip: u/orialairo Light pollution map, hat tip: u/InkyScrolls Venn diagram map by Anna Debenham

The South America and Scotland legs of my travels are now complete. Next, I will travel by rail to London. Among other places, I am planning to visit 85 Wigmore Street in London’s West End as well as Horace Walpole’s … Continue reading →

In 1917, the artist Marcel Duchamp pulled off what has to be the greatest prank in art history when the Society of Independent Artists, a group of North American avant garde artists based in New York City (see here), announced … Continue reading →

Did the late Milton Friedman betray the ideals of Adam Smith when he concluded in his now-famous 1970 New York Times Magazine essay that a business firm’s only ethical obligation to society is to maximize its profits as long as … Continue reading →

All three European monarchs were put on trial by their political enemies for supposed acts of treason: Mary, Queen of Scots in the Elizabethan Era (1586), Charles I in post-civil war England (1649), and Louis XVI during the height of … Continue reading →

Wait, what?! This imposing statue of the great Adam Smith was first unveiled in Edinburgh, next to St Giles Cathedral, on 4 July 2008 (see here).

In honor of the upcoming ten-year anniversary of this blog (5 July 2023), I am reposting two of my blog posts on the economics of popcorn prices at movie theaters–one from 2017 (link #1 below); the other from 2019 (link … Continue reading →