“There is a thin line that separates laughter and pain, comedy and tragedy, humor and hurt.” – Erma Bombeck
Mar 9, 2026
“Perfection is attained by slow degrees; it requires the hand of time.” – Voltaire
Mar 8, 2026
“Eagles commonly fly alone. They are crows and starlings that flock together.” – John Webster
Mar 7, 2026
“Consider what each soil will bear, and what each refuses.” – Virgil
Mar 6, 2026
“If you can’t describe what you are doing as a process, you don’t know what you’re doing.” – W. Edwards Deming
Mar 5, 2026
Precisely one-quarter millennium ago, the Scottish economist Adam Smith published An Inquiry into the Nature and Causes of the Wealth of Nations, one of the...
Precisely one-quarter millennium ago, the Scottish economist Adam Smith published An Inquiry into the Nature and Causes of the Wealth of Nations, one of the first great treatises in economics, called "the most important substantive proposition in all of economics," by George Stigler. Most commonly referred to as simply The Wealth of Nations, this shortening diminishes the book's true value, namely it was the first time that a scientist or philosopher stopped asking "why is there poverty," and instead asked "why is there wealth?" a much harder question to answer. Smith's conclusion was that between nations of equal standing, culture, and population, some are wealthier than others because of the degree to which they allow for individual economic pursuits. The treatise lays out some of the most fundamental economic laws and helped inform some of the greatest advancements in human prosperity ever seen. READ more about this seminal of seminal works... (1776)
