Word: authorization
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...came along, people weren’t separating out belief from participation. Scholars were looking at institutions, religion markets, that kind of thing, but we were saying, ‘Why don’t we look at Weber?” said McCleary, referring to the well-known author of the 1905 work “The Protestant Ethic and the Spirit of Capitalism,” which argues that Protestant beliefs laid the foundation for economic growth in the West...
...President Nicolas Sarkozy said last week that he wanted to add Camus to the giants of French history who are buried at the Panthéon - figures like Voltaire, Jean-Jacques Rousseau, Victor Hugo, Emile Zola and Louis Pasteur - as a way of revering an author whose defense of the downtrodden and veneration of the individual over the oppressive forces of society earned him fame and respect around the globe. But the announcement outraged Camus' son, Jean, who saw a motivation of a different sort - an attempt by Sarkozy to "requisition" the legacy of a ferociously independent thinker...
...Nonetheless, his no-holds-barred polemics made him popular with Bangkok's poor and lower-middle-class voters, who elected him governor in 2001 with over 1 million votes, the largest number in the city's history. "He's a lower-middle-class hero," says historian Chris Baker, author of Thailand, Economy and Politics. "He appeals to street vendors, small shopkeepers, minor officials and people working in the informal sector. They like him because he sounds off; he speaks his mind. He's a source of entertainment, but he's also a ranter and a thug...
Capitalism didn't fail us, publishing heir Forbes and his co-author argue. We failed capitalism by getting in its way. As if we're the ones who created the sleazy subprime mortgages and exotic derivatives (graded phony AAA by real capitalists) that blew up the system. It's the standard Forbes canon: government and taxes bad; rich people good. The pair dutifully round up free-market evangelists from Smith to Hayek to Friedman to support their apologia but fail to add any real insight. Capitalism works, all right, but not like this...
...Siegel is the Russell E. Palmer Professor of Finance at the University of Pennsylvania and is the author of Stocks for the Long...