The Long Run

Think of time. Once it was a cycle of agricultural events, of birth, of death and the unfolding of God’s will. Now it ticks away in units of money; in bank notes and per diems, weekly wages, monthly salaries, mortgage payments, half-yearly dividends, annual raises and bonuses, superannuation pensions, perpetual stock and, eventually, in units of that redemptive eternity which economists call the long run.