THE ESSAY (April 15, 2014)
Lo and behold, today I bought the current issue of The Economist. It came out last Thursday, but it takes it five days to reach the Croatian boondocks. By the way, the number of days in the post has only grown since my “return” to the country. A decade ago, it took it only three days. Anyhow, why have I decided to return to my favorite read of old? I was attracted by its essay (sic) on the history of finance in five crises, and how the next one could be prevented. The main leader introduces it with fanfare, and it stretches over no less than six pages. As the mighty newspaper claims, finance has been shaped by the crises in 1792, 1825, 1857, 1907, and 1929, but it mysteriously skips the crisis in 2008. The essay is long, and so I wanted to read it in print rather than on computer screen. I hope to learn a thing or two from it, too. I do not intend to return to the regular reading of The Economist, though. An occasional dip into it on the World Wide Web is perfectly enough for me. The essay on the history of finance is an exception. The theme is of interest to me, but the form is even more. Having been introduced by Montaigne, one of my favorite thinkers, the essay is close to my heart as such.