Tag: enlightenment, history, philosophy, progress

Science has marched forward. But civilization’s values remain rooted in philosophies, religious traditions, and ethical frameworks devised many centuries ago. Even our economic system, capitalism, is half a millennium old. The first stock exchange opened in 1602 in Amsterdam. By 1637, tulip mania had caused the first speculation bubble and crash. And not a lot has changed. Virtually every business stills uses the double-entry bookkeeping and accounting adopted in thirteenth –century Venice. So our daily dealings are still heavily influenced by ideas that were firmly set before anyone knew the world was round. In many ways, they reflect how we understood the world when we didn’t understand the world at all.