Aristotle and Catholic Social Thought turned out to have more durable value in their political economy than was considered the case before the crash.
(Of course, as someone who draws a paycheck from a mainstream journalism outfit, it may be no surprise that I continue to see durable value in what we do even amid the journalistic jujitsu WikiLeaks introduces).
And so, particularly at a time when strapped consumers are questioning both their buying habits and the durable value of last year's "It" bag, there is a certain pleasure to be gained from ogling the keepsakes of boom times, when people with plenty of money — but also time and taste — dropped into Cartier when they felt the itch for a jeweled card case.
The minority with a little spare cash wanted to swap it as fast as possible for something of more durable value.Burned into Venezuelans' collective memory is "Black Friday" in 1983, an earlier devaluation that marked the demise of what had been for decades one of the world's most stable currencies.
Partner Bruce Gibney tells me that Founders Fund basically adheres to the old VC model of "You can make a tremendous amount of money on companies that can solve difficult and important problems, and create durable value".
Despite the business generating about $20 million of revenue, he concluded it was not creating durable value, so he shut down that business and took the company's revenue to zero.
"If you're focused only on the idea of becoming a billionaire, you're going to spin your wheels and you won't create any real durable value.
Whether defined narrowly or broadly, civic education raises empirical questions: What causes people to develop durable habits, values, knowledge, and skills relevant to their membership in communities?
That creed provides no logic for the transmission of durable cross-generational values; some of the worst child-rearing I have ever seen was going on among newly rich Vietnamese.
In the fictional town of Oakdale, Nancy Hughes still stands for durable, old-fashioned values, and because of that, Ms. Wagner said, male college students -- her newest group of fans -- often write to say how much they appreciate seeing someone on TV who reminds them of their mothers and grandmothers.
