“Culture makes all the difference,” Romney said at a fundraiser in Israel, comparing the country’s economic vitality to Palestinian poverty. Certainly there is a pedigree for this idea. Romney cited David Landes, an economics historian. He could have cited Max Weber, the great German scholar who first made this claim 100 years ago in his book “The Protestant Ethic and the Spirit of Capitalism,” which argued that Protestant values were the most important fuel for economic progress.
U.S. stock futures sink, oil prices surge as Iran war shows no signs of
letting up
-
U.S. stock-index futures fell and oil prices surged again on Sunday,
following sharp losses on Wall Street on Friday, as investors are waking up
to the rea...
1 hour ago

