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I just finished an economics course. It was fun. In January I am starting a Finance course. I really like the economics way of thinking.
The following is a piece of a transcript from the small business school tv program. I think it really rings of truth of capitalism. Adam Smith in the "Wealth of Nations" (1776) talks around this fundemntal concept that Novack puts in a nice simple wrapper. I really like this.
HATTIE: We talk about our economic system so little. Michael Novak says that democratic capitalism can be thought of as a three legged stool. One leg is the rule of law. Democracy, the government, public servants. I like to think of them as referee's. they have on the black and white shirts and they're running up and down the field trying to make sure the bad guys are corrected or thrown out of the game. As a business owner, I feel that sometimes some are bureaucrats who are heavy handed, controlling, demanding and ...