Wisdom on the Topic of economics
Lists
Quotations
Capitalism as a Market Society
Readers may be surprised by the absence of any mention of ‘capital’ or ‘capitalism’ in the book. I chose to leave out such words not because there is anything wrong with them but because, loaded as they are with heavy baggage, they get in the way of illuminating the essence of things. So, instead of speaking about capitalism, I use the term ‘market society.’ Instead of ‘capital,’ you will find more normal words like ‘machinery’ and ‘produced means of production.’ Why use jargon if we can avoid it?
The economy is too important to leave to the economists
This book grew out of my Greek publisher’s invitation, back in 2013, to talk directly to young people about the economy. My reason for writing it was the conviction that the economy is too important to leave to the economists.