Imagining capital

What sets Western economies apart, Hernando de Soto argued in The Mystery of Capital , is not sheer physical stuff. One can have a lot of stuff without having capital. What makes it productive as . . . . Continue Reading »

Coined liberty

Anthropologists claim that in “gift societies” objects exchanged never become the private property of the recipient. We know this even in our own society: We would never think to use a . . . . Continue Reading »