Beretta and David Hume

V&R Chapter 1 discusses Hume’s theory of business.  Boiling things down: it is not money that makes the world go around but beauty.  The economy’s dynamism is a function of fantasies about luxury.  Luxuries are refinements of the arts and sciences and those who want to afford them must themselves become combinations of the arts…

Weddings and trusts

Lately, I have been writing about the moral nature of the money that supports the high end of the fashion industry.  This is the money of the hyper wealthy held in trusts, typically offshore.  Here is a most interesting article on the money-no-object weddings of the hyper rich (https://www.racked.com/2017/6/7/15740564/luxury-weddings).   The hyper wealthy, like most…

Etro: paisley fabrics and Max Scheler

Etro is a quirky family run business that matches well Max Scheler’s model of the estate, a requirement for being a contender for the Best Dressed Company Award. Here is a charming article about the company and some of the family (https://www.wsj.com/articles/the-colorful-world-of-etro-1502805602)(apologies if this article is behind the paywall at WSJ). The company makes clothing…