“Manifesto of the Communist Party” by Karl Marx

Reading Marx and Engels for the first time, I’m amazed how accurate some of their predictions and descriptions of world history are, how incisive and witty their criticisms can be, while at the same time perplexed by their economic theory of property, capital and wage-labor. The Bourgeoisie The bourgeoisie has put an end to all feudal, patriarchal, idyllic relations…It has left remaining no other nexus … Continue reading “Manifesto of the Communist Party” by Karl Marx

“Economics” by Aristotle

The Use of Currency in Raising Revenue The people of Clazomenae, owing their mercenaries twenty talents of pay and being unable to find it, they struck an iron coinage of twenty talents, bearing the face-value of the silver. This they distributed proportionately among the wealthiest citizens, and received from them silver to the same amount. Through this expedient, the private citizens possessed a currency which … Continue reading “Economics” by Aristotle

“Lives of the Noble Grecians and Romans I” by Plutarch

The Laws of Lycurgus Long before Adam Smith developed the idea that commerce was necessary for the accumulation of wealth, Lycurgus, the legendary Spartan lawgiver, had used this principle to curb the avarice of his countrymen, and laid down a constitution for one of the most eminent commonwealths in the ancient world. The Spartan Constitution, according to Plutarch, was also the model for Plato’s Republic, … Continue reading “Lives of the Noble Grecians and Romans I” by Plutarch

“Economics” by Xenophon

The word economics is derived from Greek roots meaning literally “household management”. Praise of Husbandry For the pursuit of [husbandry] is in some sense a luxury as well as a means of increasing one’s estate and of training the body in all that a free man should be able to do. For, in the first place, the earth yields to cultivators the food by which … Continue reading “Economics” by Xenophon

“On the Significance of Science and Art” by Leo Tolstoy

Ever since men have been in existence, they have been in the habit of deducing, from all pursuits, the expressions of various branches of learning concerning the destiny and the welfare of man, and the expression of this knowledge has been art in the strict sense of the word. Ever since men have existed, there have been those who were peculiarly sensitive and responsive to … Continue reading “On the Significance of Science and Art” by Leo Tolstoy

“Losing My Virginity” by Richard Branson

The subtitle of the original version reads, “How I’ve Survived, Had Fun, and Made a Fortune Doing Business My Way”. Branson certainly delivered the goods. I can’t imagine anybody else having more fun doing business than he has. He described his strategies and adventures in such a straightforward and engaging manner, that I’m convinced this is how all business should be done. Life is a … Continue reading “Losing My Virginity” by Richard Branson