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
In the twentieth century per capita GDP was perhaps the supreme yardstick for evaluating national success. From this perspective, Singapore,
Yuval Noah Harari • Homo Deus
In the language of economics, human well-being is affected not only by the mean (the prosperity of the average citizen) but also by the variance (the increasing dispersion between rich and poor). In plainer English, the incentives and equal opportunity afforded by free trade simultaneously improve the overall welfare of mankind and increase sociall
... See moreWilliam J. Bernstein • A Splendid Exchange: How Trade Shaped the World
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
A growing population will increase the total wealth of a society as the amount of available labor grows. But growing wealth on a per-person basis (thus raising individual standards of living) requires increasing productivity, and increasing productivity requires specialization.
Eric Beinhocker • The Origin of Wealth
Studies that assess education at Time 1 and wealth at Time 2, holding all else constant, suggest that investing in education really does make countries richer. At least it does if the education is secular and rationalistic.
Steven Pinker • Enlightenment Now
Seriously. In part that’s because the economics of the twentieth century was overwhelmingly about how best to share existing “pies” of human well-being, rather than how
Philip Auerswald • The Coming Prosperity: How Entrepreneurs Are Transforming the Global Economy
Among the most powerful institutions for supporting good incentives are property rights, political stability, honest government, a dependable legal system, and competitive and open markets.