Events

An injudicious tax offers a great temptation to smuggling. But the penalties of smuggling must rise in proportion to the temptation. The law, contrary to all the ordinary principles of justice, first creates the temptation, and then punishes those who yield to it…

— Adam Smith

Book V of Adam Smith’s classic is entitled “Of the Revenue of the Sovereign or Commonwealth,” includes the above as well as many thoughtful passages about what we nowadays call public finance.  Our Political Economy Book Club  will discuss this final part of Wealth of Nations on Wednesday, November 12.  You can download or read the book on line from several sources, borrow it from many public libraries, or purchase a copy inexpensively.

For further information or to let us know you’re coming, email PEBC coordinator Bob Matter or call 312 450 2906.

[Please note: There is no need to stay the full 3½ hours of this event.  Come when you’d like and leave when you wish. ]

How much stuff do you think you “own,” but really only have a limited license to use in specific ways? You may be surprised to learn who is restricting your freedom to innovate and share information.  As software-driven products become more common, how can you be sure that your possessions aren’t working against you?  Is that the price we have to pay to live in an advanced economy?  It need not be.

Find out how software freedom fits into the “liberty means justice” political economy that we teach, why and how we use open source software wherever possible (and it almost always is).  Discussion and videos presented in cooperation with the Free Software Foundation.

Meanwhile, to learn more about DRM and why it might be a bad thing, visit Defective by Design.

“The purpose of Newspeak was not only to provide a medium of expression for the world-view and mental habits proper to the devotees of IngSoc, but to make all other modes of thought impossible. It was intended that when Newspeak had been adopted once and for all and Oldspeak forgotten, a heretical thought – that is, a thought diverging from the principles of IngSoc – should be literally unthinkable, at least so far as thought is dependent on words.“

— George Orwell

Something like this has happened to the field of economics, says Dan Sullivan.  Terms which had clear meanings to Adam Smith, J S Mill, and other classical economists have got distorted and redefined– or obliterated–  to prevent serious discussion of economic issues. Going back to the roots of political economy, Dan suggests the real point of a proper science of economics would be to efficiently satisfy the desires of the people, both individually and collectively.

Dan will help us distinguish between “rights” and “privileges,” “investments” and “acquisitions”,  and several distinct concepts that all get called “wealth.” He’ll address the difference between “means of production” and “capital,” and differentiate “human capital” from modern slavery.

You can understand today’s economic issues such as minimum wages, tax policy, international trade, housing costs, and unemployment, but only if you have a clear idea of the fundamental terms.  These terms can be readily comprehended by ordinary people and do not lead to any particular “left” or “right” public policy, but they facilitate informed communication.

There will of course be time for questions and discussion.

Based in Pittsburgh, Dan Sullivan is a popular speaker on economic issues, and Director of Saving Communities