Tag Archives: Adam Smith

Empathy and Earthquakes

Does technology obliterate the cultural differences and geographic distance and thus broaden the depth and scope of human empathy? A question I have stemming from a disagreement with Adam Smith. Continue reading

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Rent-Seeking in the Fund Industry

Imagine you’ve just enjoyed a nice meal at a fine restaurant when the waiter brings over the check.  On looking at it, you discover there’s a 10% surcharge for “marketing expense”.  When questioned, the waiter explains that this is a … Continue reading

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