Send us a textAdam Smith was a man who read the Stoics. He liked them, too, talking them up in The Theory of Moral Sentiments, particularly in the section on grief. Then he lost two of his closest relations (old timey, right?), David Hume and his mother. These world-shaking events caused him to...

Send us a textThis year’s Nobel Prize winners in economics are Daron Acemoglu, Simon Johnson, and James Robinson, who wrote on the importance of inclusive institutions to economic growth. But what on earth are ‘inclusive institutions’ and how do they differ from exclusive ones?Inclusive...