
The Tao of economics
by Geoff Davies In the tropical forests of Central America are great stone temples and monuments, remnants of the Mayan civilisation that collapsed over a thousand years ago. We can never know exactly why the Mayan civilisation collapsed, but some of the main factors were probably shifting climate, over-exploitation of natural resources, warfare and internal rivalries. However a telling observation is that the grandest temples were built just before the final collapse. It is not uncommon that the grandest accomplishments of a past society came just before a precipitous decline. This pattern indicates the society was busy, right to the … Continue reading The Tao of economics