Adam Smith 4

Economics has become a totalizing system claiming the power to explain all things. It is as much a religious system—by another name—as is Berry's Great Economy.

Teaching Wendell Berry to students today isn't a thankless task, but the victories are small and far between (which, one might say, is all the best victories always are).

One salient fact about this recession is that 90% of the working economists missed the warning signs, and those who predicted a disaster were marginalized and ridiculed. This, however, is…

Mt. Airy, Philadelphia. Before it became a science of supply and demand and the circulation of commodities, economics was originally understood as the wisdom of household management. The Greek word…