“Economists are people who see something work in
practice and wonder if it would work in Theory.”
--President Ronald Reagan--
“Economists, learning to observe their facts more closely, have
begun to discover that, even in the most ordinary currents of daily
life, their consumers do not quite live up to the idea that the economics
textbook used to convey. On the one hand their wants are nothing like
as definite and their actions upon those wants nothing like as rational
and prompt. On the other hand they are so amenable to the influence
of advertising and other methods of persuasion that producers often
seem to dictate to them instead of being directed by them.”
--Joseph Schumpeter, author of Capitalism, Socialism,
and Democracy--
What is the American way of work? We are seen by many as a material
society governed by the unholy dollar rather than spiritual values.
Americans are a very down to earth society, but have we sold our soul
to be the dominant world economic and military power? We love the goods
things in life. Have we mortgaged our children’s future in order
to enjoy ourselves in the present? Skyscrapers dominate our skyline
instead of cathedrals. Are we the sterile, “Air-conditioned Nightmare”
imagined by Henry Miller?
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