Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I don't know if anyone has noticed this before, but there is a distinct resemblance between Ponzi schemes and positional goods as described by Fred Hirsch in Social Limits to Growth. See ManfromMiddletown's diary October 29 2007.

by Sandwichman on Sat Jan 17th, 2009 at 01:02:32 AM EST

Others have rated this comment as follows:


Occasional Series