Readers of The Fourth Estate may recall my own readings of Oswald Spengler’s Prussianism and Socialism back in 2021.This pamphlet, which was meant to complement Volume II of The Decline of the West, essentially argued that Socialism did not originate… Read More ›
What caused the accounting standard of the Soviet Union and Eastern Bloc countries to pursue Adam Smith’s conception of the Labor Theory of Value (LTV) instead of the one espoused by Karl Marx? It is true that Marx’s LTV is… Read More ›
India’s Republic Day this week has never enjoyed the PR of its Independence Day. January 26 is a kind of dry winter day in the capital Delhi. Despite the majesty of military parades and speeches full of pathos to the… Read More ›
The Bank of England has trousered £3.8bn in profits from ditching bonds it hoovered up to stem financial chaos caused by Liz Truss’s calamitous mini-budget, the central bank told City A.M. The Bank announced today it has ditched all the £19.3bn… Read More ›
As everyone will know, there is a problem with the global economies. Inflation is rife everywhere, although some countries are suffering more than others. In the UK in the 21st century we have people having to go to food banks… Read More ›
For the first time in 106 years, RCN nurses have decided to strike. “I think a lot of what we do is very undervalued,” said one nurse. Why U.K. Nurses Voted to Strike for the First Time Ever — and What… Read More ›
1968 should be remembered as a significant year in the development of Student Economy and Student Government, at least in the Western world. It was around this year that the various movements related to the Counterculture were fast approaching their… Read More ›
Note from DAH: The following is a diary entry that somebody wrote in September 1992 about the ascension of the European Union and Black Wednesday. I have discussed about the topic before in an Economic History Case Studies post about… Read More ›
In the latter half of the Second World War, the “Cold War,” Latin America bore witness to proxy wars, civil wars, and revolutions by the Jeffersonians and the Soviets, who sought to gain influence among the continent’s nations. All notions… Read More ›
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