Here's an excerpt from Ivan Illich's Deschooling Society, as interpreted by the Pinky Show. Prescient.
Thursday, 15 May 2008
In honour of our readers from the hedge fund world, we offer some resources for exploring the economic landscape of the 1970s in relation to present day dilemmas. Commentary to follow.
1. Inflation - both in labour costs and in raw materials
3. Energy crisis
6. Automation and new technology restructuring the workplace
For a vivid saccount of the atmosphere on Wall Street of the time, pre Gordon Gekko, we recommend The Money Game by 'Adam Smith' - thanks to the macro trader for the tip.