Monthly Archives: December 2015

Moral sensibility and modernity

Religions have rituals and doctrines: mechanisms of participation and belief. They also engender moral sensibilities that provide ways of normatively framing the world regarding people, places, social arrangements. Most Swedes, for example, are not believing or actively participating Lutherans, yet centuries of Lutheranism being the overwhelmingly dominant flavour of religion has deeply influenced Swedish moral sensibility. When folk try […]

So, you want to reduce inequality … (some modest, and some practical, proposals)

Concern over rising inequality has certainly been a significant feature of recent intellectual and political discourse, particularly in the US (for example here). Let us suppose we were serious about reducing inequality, what would we do? One thing you would not do is significantly raise top income tax rates, that would not have much effect at all. Besides, at […]

Why gold/currency ratios mattered in the interwar period

This is based on a comment I made here. I have been enjoying Scott Sumner‘s history of the Great Depression, The Midas Paradox: Financial Markets, Government Policy Shocks, and the Great Depression. Sumner provides a key ideas summary for the book here. The book is an examination of dramatic macroeconomic instability under a gold standard. In The Midas Paradox, Sumner gives the […]