Wednesday, 24 December 2014

Welcome To The Party

There is always someone at the party or table who likes to have a debate or argue about something serious.  Very often, it is a subject that everyone else prefers to avoid.

There have been one or two articles in the last few days saying that contrary to received opinion, Ebenezer Scrooge was an informed person with insights superior to others in financial matters.

Having Ebenezer's in the family history, a good old Scottish name that was once common in Ayrshire, I might be inclined to agree but then I might not.

So just to spoil the party here is an article from the Mises Institute by Ryan McMaken titled "Correcting Scrooge's Economics" that while recognising  Ebenezer's talents points out the weaknesses in his ideas on economic theory.


1 comment:

  1. I think McMaken (via Mises) is right about poverty avoidance. I'm sure it is what motivates many of our political and business leaders today. These days it is significantly easier than it was in Dickens' time.

    Fortunately many of us know how much is enough.

    Merry Christmas.