Rick Teller
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Rick Teller

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Charles Ives, the brilliant and original American composer, did all his composing before he was 50, and almost nothing for the next 30 years. Finland’s top composer, Jean Sibelius, likewise quit working the last 30 years of his life. I’m the anti-Ives and anti-Sibelius. In addition to having no talent for music, I’ve done little of note for my first 70 or so years. Only then did I start working with the ideas about economics that ended up in this book, my first and, given my age of 76, likely my last, although you never know. I came close to publishing an earlier version of this book in early 2020, then Covid came along and suddenly people wanted to know more about viruses, not economics. So I abandoned the book project, only taking it up again in late 2021 when people got bored with viruses. Perhaps 25% or so of Economics Reimagined is derived from what would have been published four years ago, and the rest is newer and I think more original. As for what I did those first 70 years, I grew up in Philadelphia and had a decent enough education at Penn’s Wharton School for a B.S. and Harvard for an MBA, aided by the fact that studying business and economics in the late 60’s was very uncool, so I didn’t face much competition from smarter candidates to get accepted at those schools. I worked as a stockbroker initially in Philly and then from 1974 to 1997 in Boston, where I still live half the year. My interest was always in small company stocks because I liked to do my own research. The officers of small companies would talk to me, while those of big companies wouldn’t. When I hit 50 I retired to be a private investor, in other words, doing the same company research as before but investing only my own money. The best thing about that was that I never had more than one unhappy client at a time, or two if you count my wife Kathleen. I was an avid cyclist for a while, and now that we spend half the year in Tucson, gotten more into hiking. I’ve been on the Boards of a few arts-related organizations, and still am on two of them. I don’t play golf or tennis, or follow sports. I listen to music a lot, classical as you would guess from the composers mentioned earlier, but also jazz, older country and blues, and music from Mali, the Bahamas, and Trinidad, among others.
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