The Ancien Régime and the Revolution

With all the hubbub about China as of late, I thought it might be worth reading Alexis De Tocqueville’s The Ancien Régime and the Revolution (Penguin: 2008). A number of China Hands say the Party has used this book to inform their approach to domestic stability and harmony.1 I have no idea whether these assertions […]

Reflections on a Winding Road to EM Private Equity

In late 2005, I would arrive at the office early and catch up on the latest news of sectarian violence in Iraq.  It made for gruesome reading—bodies discovered in vacant houses, tied to chairs with clear evidence of torture.  A favorite tool seemed to be power drills, which were used on knees, ankles, heads. There […]

Technological Acceleration and the Wet Noodle of Monetary Policy

The American boy of 1854 stood nearer the year 1 than to the year 1900. The education he had received bore little relation to the education he needed.  Speaking as an American of 1900, he had as yet no education at all.  He knew not even where or how to begin.1 If science were to […]

Entropy: The Defining Characteristic of Global Affairs

Markets are pricing for utopia but is tectonic change afoot?
Read →

Favorite Books of 2013

In light of the holiday season and year end, I thought I’d share the best books I read this year.  While most of these weren’t published in 2013—a number of them dutifully collected dust on bookshelves in no less than three apartments until they were summoned—the following eight books stand out as my favorites over […]