Parasitic finance!!
mbs
-Original Message-
From: PEN-L list [mailto:[EMAIL PROTECTED] Behalf Of Michael
Perelman
Sent: Monday, February 09, 2004 6:02 PM
To: [EMAIL PROTECTED]
Subject: Re: Tuxedo Park (was Skull Bones)
In a way, the Skull and Bones/Loomis gap is similar
To: [EMAIL PROTECTED]
Subject: Re: Tuxedo Park (was Skull Bones)
In a way, the Skull and Bones/Loomis gap is similar to the dichotomy
between real and financial capital. Economic strength is increased by
those who develop the technology and drained by those who live by
nepotism and connections
I have just finished reading Tuxedo Park, a book about Alfred
Lee Loomis, a Wall Street lawyer and financier who cashed out before
the Depression and turned to science.
He built his own scientific lab at Tuxedo Park, where he sponsored and
mentored scientists who were or became giants in the
In a way, the Skull and Bones/Loomis gap is similar to the dichotomy
between real and financial capital. Economic strength is increased by
those who develop the technology and drained by those who live by
nepotism and connections. Both factors are important.
-- Michael
Perelman Economics
along the same lines, you may enjoy
Zachary, G. Pascal. 1997. Endless Frontier: Vannevar Bush, Engineer of
the American Century (NY: Free Press).
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu