Tag Archives: essay

“Conspicuous consumption of valuable goods is a means of reputability of the gentleman of leisure.”– The Theory of the Leisure Class Thorstein Bunde Veblen (1857 – 1929) was an unorthodox American economist of Norwegian ancestry. He is considered the founder of the “institutional school of economics”, a group of economists who believed that traditional economic… Read More »

Imagine India launching a nuclear missile over the Himalayas into China, or Pakistan laying waste to Nepal with an atomic bomb. Think of Israel, besieged by a continent of enemies, levelling Lebanon. None of these scenarios is politically plausible, at the moment. Technically, however, all all-out nuclear war between nations has become an unsettling possibility.… Read More »