This is the introductory post in a series on the properties of money and the tensions between them.| ebuchman.github.io
Last year I read F.A. Hayek’s The Road to Serfdom and Karl Polanyi’s The Great Transformation back to back. Both published in 1944, these great works of political economics were attempts by their authors to grapple with the collapse of western civilization into the fascist totalitarianism of the Second World War. For Hayek, a classical liberal, totalitarian tragedy follows inevitably from the authoritarianism of State Socialism. For Polanyi, who was more of an economic sociologist, the fa...| ebuchman.github.io
If Alexander The Great brought a few hundred years of early European cultural evolution to the East, it wasn't until the empire of Genghis Khan, the Modest Mongolian, that a *millenium* of Chinese cultural evolution was brought back West, effectively ending the Middle Ages and laying the foundation for the Enlightenment in Europe. This is the story of how Genghis Khan conquered the world.| ebuchman.github.io