Category: Political Economy

Digested Read of The Passions and the Interests by Albert O. Hirschman

Over on my Longreads page I’ve completed a “digested read” of or midrash upon that classic of the history of economic thought, The Passions and the Interests by Albert O. Hirschman (1977)… Check it out!

Digested Read: Albert O. Hirschman’s The Passions and the Interests—Political Arguments for Capitalism before Its Triumph – W.D. Clarke (

Talking To My Daughter About The Economy, by Yanis Varoufakis (Review)

When I was in my final year of high school (back in the Pleistocene era, when Ontario still had “Grade 13”), I was fortunate to take two courses from the same teacher, a Mr. McCabe—fortunate in a number of ways, although I am only going deal with those relating to the subject matter that Mr. McCabe taught here. I had chosen to take Introductory Economics with him, and was also under obligation by the school, which was a Roman Catholic one, to take a course in Religious Education in each of the five years of high school, which in Grade 13 was actually, at least as Mr. McCabe taught it, more about what is called Social Justice than anything overtly doctrinal: it was, in effect, a course in contemporary human geography and social history viewed through the lens of the Church’s doctrine of there being a “preferential option for the poor”. So while in period one Economics class we learned about the supply and demand curve, about marginal propensities to produce and consume, etc., in period four Religion we learned about the plights of the poorest of the poor around the globe—about Haiti and Jamaica, about Nicaragua, Guatemala and El Salvador, about South Africa, just to name a few examples.

It was……