Tag: and the Making of the Modern World
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The Anglo-American “Invisible Hand”
It has been commonplace to revile or praise the idea of the "invisible hand" for some time now. This metaphor is most typically applied to economics. The idea is that individuals, independently seeking their best interests, benefit the whole community as if guided by an invisible hand. Adam Smith is usually attributed as this metaphor's…
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Waspophobes
What is a Waspophoe, you might ask? Recently I've been reading Walter Russell Mead's God and Gold: Britain, America, and the Making of the Modern World. Waspophobe is a term Mead uses to describe disdain for the Anglo-Saxon world shared across the planet during at least the last three centuries. Mead explains that most non-U.K.…