“Let a crown be placed thereon, by which the world may know, that so far as we approve of monarchy, that in America THE LAW IS KING. For as in absolute governments the King is law, so in free governments the law ought to be King; and there ought to be no other.” [1] Thomas […]
Monthly Archives: March 2013
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A Flawed Comparison: Inequality, Ancient and Modern
Comparing our times with those gone by can be useful – but only if we remember what made those days different than our own. When we forget those differences then our analysis is fruitless. Attempts to understand economic inequality in 21st century America by comparing it with its ancient precedents inevitably runs befoul this truth.Over […]
Institutions, Instruments, and the Innovator’s Dilemma
I have written several posts that use Carol Quigly’s “institutional imperative” as a lens for understanding contemporary events. [1] Mr. Quigly suggests that all human organizations fit into one of two types: instruments and institutions. Instruments are those organizations whose role is limited to the function they were designed to perform.(Think NASA in the 1960s, defined […]