Economic freedom is the only surefire way that humans have discovered to create wealth.
From my monthly roundup of links - see below. https://t.co/NePucRkxcA
Economic freedom is the only surefire way that humans have discovered to create wealth. From my monthly roundup of links - see below. https://t.co/NePucRkxcA
For, if one is aware that these know-hows will naturally, yes, automatically, arrange themselves into creative and productive patterns in response to human necessity and demand— that is, in the absence of governmental or any other coercive master-minding—then one will possess an absolutely essential ingredient for freedom: a faith in free people. F... See more
fee.org • I, Pencil by Leonard E. Read - Foundation for Economic Education
The Dutch also set the trend that has defined power in the modern world: that the dominant country is not the one with the largest population or the strongest army but the one with the most prosperous economy and innovative technology. The great economic historian Angus Maddison argued that “in the past four centuries there have been only three lea
... See moreFareed Zakaria • Age of Revolutions: Progress and Backlash from 1600 to the Present
Richer countries, on average, fight fewer wars with each other (chapter 11), are less likely to be riven by civil wars (chapter 11), are more likely to become and stay democratic (chapter 14), and have greater respect for human rights (chapter 14—on average, that is; Arab oil states are rich but repressive). The citizens of richer countries have gr
... See moreSteven Pinker • Enlightenment Now
is this freedom to create new functions, to organize them in networks, and to allocate different amounts of effort across an urban system that will lead to economic growth and the typically exponential growth of incomes in time.
Luis M. A. Bettencourt • Introduction to Urban Science: Evidence and Theory of Cities as Complex Systems
... See moreSince the industrial revolution, the interests of states and people have been unusually aligned. To be economically competitive, a strong state needs efficient markets, a good education system that creates skilled workers, and a prosperous middle class that creates demand. It benefits from using talent regardless of its class origin. It also benefi
The concentration of wealth is a natural result of this concentration of ability, and regularly recurs in history. The rate of concentration varies (other factors being equal) with the economic freedom permitted by morals and the laws. Despotism may for a time retard the concentration; democracy, allowing the most liberty, accelerates it. The relat
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