~ ECETMW ~ Economics Can’t Explain The Modern World

~ E(AU)TRTW ~ Ethical (And Unethical) Talk Runs The World

~ BR ~ Bourgeois Revaluation

~ LEH ~ Liberty Encourages Hope

~ DWYMT-EEDNETIC ~ Despite What You May Think – European Empires Did Not Enrich The Imperial Countries

~ SIAW-B-IINATSAW-A-ALLIADT ~ Science Is A Wonder – But – It Is Not Always The Same As Wisdom – And – A Little Learning Is A Dangerous Thing

~ MEG-HB-A/U/U-TGSIEH ~ Modern Economic Growth – Has Been – Astounding / Unprecedented / Unexpected – The Greatest Surprise In Economic History

~ N-TE-HFTNO-P-UCATMOM-BIEC-AWTAE-A-B-IIETDSAM ~ Nonetheless – The Economists – Have Favored The Notion Of – Piled-Up Capital As The Maker Of Modernity – Because It Emphasizes Cost – About Which They Are Expert – And – Because – It Is Easy To Describe Statistically And Mathematically

~ LOB ~ Lottery Of Birth

~ PP ~ Profitable Peregrinations

~ ST-IOP-GA-SOL-IA-IINE-A-TDCBD ~ Superior Technologies – In One Place – Get Adopted – Sooner Or Later – In Another – It Is Not Easy – And – The Delay Can Be Decades

~ TIN-AIITS-TETMW-TS-INPTT-AOI-TOP-DNITCOM ~ There Is No – Aggregate Increase In Thrifty Savings – To Explain The Modern World – Thrifty Saving – Is Not Peculiar To The – Age Of Innovation – Thrift Or Prudence – Did Not Increase In The Childhood Of Modernity

~ CINTC-NITLR-TCTMAICBEFOGBOITS-ITIOCOCANC ~ Capital Is Not The Constraint – Not In The Long Run – The Capital To Make An Innovation Can Be Extracted From Or Given By Others In The Society – If The Institutions Of Coercion Or Credit Are Not Clogged

~ ND-MI-HAU-‘G’-AI ~ Nor Does – Modern Innovation – Have Anything Unusually – “Greedy” – About It

~ S-ORNO-PAS-BA-R ~ Success – Ordinarily Requires Not Only – Pugnacity And Shrewdness – But Also – Restraint

~ LIL ~ Legally Infinite Lives

~ MEG-DN-A-DN-A-C-DOTSTBGB-SFPP-IINAGBP-INHB ~ Modern Economic Growth – Did Not – And – Does Not – And – Cannot – Depend On The Scraps To Be Gained By – Stealing From Poor People – It Is Not A Good Business Plan – It Never Has Been

~ I-WNBIA-SOE ~ Innovation – Was Not Born In A – Sin Of Expropriation

~ CDNAP ~ Crime Does Not Always Pay

~ WCAFTRORCBRTEOPP ~ We Cannot Account For The Riches Of Rich Countries By Reference To Exploitation Of Poor People

~ VT-W-FRP-AA-EOEPP-TOTBTBP ~ Voluntary Trading – With – Free Rich People – As Against – Exploitation Of Enslaved Poor People – Turns Out To Be The Better Plan

~ TF-O-T-WN-HYON ~ The Fall – Of – Tyrants – With Nine-Hundred Year Old Names

~ AGDOLAPAE-TPIT-DOI-A-TAOM ~ A Good Deal Of Life And Politics And Exchange – Takes Place In The – Damning Of Incentives – And – The Assertion Of Meaning

~ Y-MMIB-AMA-LIAM-O-CIAA-O-JIACOL ~ Yet – Meaning Matters In Business – As Much As – Love In A Marriage – Or – Courage In An Army – Or – Justice In A Court Of Law

~ SPOP-I-N-B-IHLTDW-FI-O-PL-BIHBECB ~ Secure Possession Of Property – Is – Necessary – But – It Had Little To Do With – Financial Innovations – Or – Political Liberty – Because It Had Been Established Centuries Before

~ WETMW-IN-I-B-I ~ What Explains The Modern World – Is Not – Investment – But – Innovation

~ PC-T-TDNADF-TCG ~ People Cooperate – Too – They Do Not Always Defect From – The Common Good

~ PWCUBMI ~ Patents Were Considered Undignified By Many Inventors

~ NANIAGO ~ Not All New Ideas Are Good Ones

~ HOTHAMAL-MTE ~ Habits Of The Heart And Mind And Lip – Matter To Economies

~ I-VA-IAC-ANCWM-BR-CAC ~ Institutions – Viewed As – Incentives And Constraints – Are Not Chiefly What Mattered – But Rather – Community And Conversation

~ L-IAT-S-W-MA-R-O-EG-TA-C ~ Like – Imperialism And Trade – Science – Was – More A – Result – Of – Economic Growth – Than A – Cause

~ TANSTAAFL (TANSTAAFL) ~ There Ain’t No Such Thing As A Free Lunch (TANSTAAFL)

~ ANRE-E-E ~ A New Rhetorical Environment – Encouraged – Entrepreneurs

~ IWW ~ It Was Words

~ S-TP-A-PCTHH-UF-T-EINEORE-TRTTAEHAAIP ~ Science – Though Proud – And – Persistently Claiming To Help Humankind – Usually Followed – Technology – Explaining In Neat Equations Or Rigorous Experiments – The Results That Tinkerers And Engineers Had Already Achieved In Practice

~ DAL-S-W ~ Dignity And Liberty – Still – Work

~ DAL-TGE ~ Dignity And Liberty – The Greatest Externalites