We all have a notional idea of what money is, ideas that may not extend beyond its existence as the pound in our pocket. We certainly understand the purchasing power of any monies we may have. It would seem that any notion of money only becomes complicated when we talk to economists; who are clearly divided in their views of what money is and what form it should take. An economist would want to us to be more precise about our idea of what money is. Read more of this post
Pudding Magna; located on Pudding Bay in the county of Dorset, and inhabited by lowly fisher-folk of modest means, is not referred to in any works by Mr. Thomas Hardy. Its obscurity assured had not Sir Ethelred Rutt K.C. acted on behalf of Pudding Magna’s loyal subjects in a case against The Crown, when, on June 21st 1924, a dead whale was washed up on the shore of Pudding Bay. Being a Fish Royal and belonging to The Crown, Pudding Magna’s loyal subjects extracted the whalebone, the blubber and other valuable and perishable portions from the carcass of the whale, to hold in trust for The Crown. Read more of this post
The recent flooding in Britain brought the author Cowper to mind. No: not the poet William Cowper, nor John Cowper Powys who was a prolific novelist, essayist, letter writer, poet and philosopher; a writer of enormous scope, complexity, profundity and humour. Rather, John Middleton Murray who mostly wrote science fiction under the pen name of Richard Cowper, writing Profundis with much humour. Read more of this post
The WordPress.com stats helper monkeys prepared a 2013 annual report for this blog.
Here’s an excerpt:
A San Francisco cable car holds 60 people. This blog was viewed about 2,100 times in 2013. If it were a cable car, it would take about 35 trips to carry that many people.
My best wishes to you all, especially today. For a while it seemed that we were to have a Shakespearean winter here in Somerset. We have been spared the icicles hanging from the wall so far, however I was reminded of Winter by William Shakespeare – a closing song in Love’s Labour’s Lost. Read more of this post
The role that economic theory plays in the ‘creation of money’ and the role played by all politicians in the manipulation of ‘economic theory’ for the purpose of a fiscal policy, bear little relationship to the social responsibility that Drucker applied to a private enterprise.
“The first responsibility of business is to make enough profit to cover the costs for the future. If this social responsibility is not met, no other social responsibility can be met.”