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.
Enjoy.
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.
ReplyDeleteFortunately many of us know how much is enough.
Merry Christmas.