Sample essay · Words in Bottles reading collection
Markets are made of people, and people are made of stories. The idea that prices always reflect an impartial calculation is itself a powerful story—one that shapes what we choose to see.
Economic history offers a useful corrective. Periods of confidence and panic recur not because the facts are identical, but because our habits of interpreting them are surprisingly persistent. Studying these patterns does not give us a crystal ball. It gives us a little more humility.