Friday, October 13, 2006

Word, Word, Word

I subscribe to's word of the day as a fun way to increase my vocabulary. Sadly my memory is not that great so progress is slow but yesterday I was sent a word I'm sure to remember:
concinnity (kuhn-SIN-uh-tee): Internal harmony or fitness in the adaptation of parts to a whole or to each other

What a wonderful way to describe so much of economic activity! Firms adapting to people, organizations dove-tailing with other organizations. The extended order created endogenously. People talk about how economics is all about competition but they fail to realize it is at least as much as about harmony.

Author's note: The title is based on the quote by Shakespeare: "Words, words, words." I never understood the appeal though my high school English teacher always loved it. I guess that's what happens when your last name is Shakespeare: everything you write becomes art.

1 comment:

SmoothB said...

What, you don't like Hamlet?

Actually, I agree a little bit -- I mean, it's brilliant, but it's probably overrated because of, well, rent-seeking reasons. It's the tragedy of an intellectual, and Hamlet is mainly studied by ...?