Man has always striven to understand the world around him. To this end he was helped by stories that made sense of his reality. From today’s standpoint, such stories often seem quaint—much as ours will appear to the generations that follow. However, the secret power of these stories is profound. One such story is the story of economics, which began a long time ago. Xenophon wrote around 400 BC that “even if a man happens to have no wealth, there is such a thing as a science of economics.” Once upon a time, economics was the science of managing a household, later a subset of religious, theological, ethical, and philosophical … Continue reading Tomas Sedlacek