Weekend Reading: John Stuart Mill (1829): Of the Influence of Consumption on Production

Note to Self: Polanyi's problem is he writes badly. Hyman Minsky had next-to-no footprint until Charlie Kindleberger took Minsky's view of the world and turned it into a readable history. There's definitely space to do something like that with Polanyi—fictitious commodities, the market wants to treat your community, your occupation, your security of employment as market commodities, but people believe they have rights beyond market rights when the market gives rights only to those who control resources useful for making things for which rich people have serious Joneses...

#moralphilosophy #notetoself