All Posts Tagged With: "India"
The Politically Incorrect Guide to Socialism
What do the following have in common: hungry Venezuelans, starving North Koreans, ecological devastation in the former Soviet Union, and functionally illiterate students in Washington, D.C., high schools? Give up? They are all consequences of socialism. In his book The Politically Incorrect Guide to Socialism, economics professor and National Review editor Kevin Williamson gives the [...]
4Jan2012 | George C. Leef | 4 comments | ContinuedTheoretical Visions and Economic Prophecies
B. R. Shenoy (1905–1978) was the most important free-market economist in India during the twentieth century. Throughout the long period when socialism and economic nationalism dominated public policy in India, Shenoy was a lone voice for individual freedom, limited government, and the market economy. From 1929 to 1932 he studied at the London School of [...]
2Jul2010 | Richard M. Ebeling | 2 comments | ContinuedA Family of Heroes
In any major city, particularly a capital, the great majority of statues and memorials pay tribute to monarchs and presidents, priests, generals, and statesmen. This reflects the way history is commonly understood and taught: as the story of the achievements of those associated with political power, government, and war. Memorials to the historical figures associated [...]
23Sep2009 | Stephen Davies | 8 comments | ContinuedWho’s Afraid of Prosperity?
Should we worry that the people of China, India, and other undeveloped countries are getting richer? Apparently so, according to the newspapers and the “experts” they quote. They don’t come right out and say that global prosperity is bad for us. Instead they say, as the New York Times recently said, “As development rolls across [...]
1Mar2008 | John Stossel | 0 comments | ContinuedWe Have Enough Globalization?
Jude Blanchette is a freelance writer living in Shanghai. The debate over free trade is, and has been for over 200 years, quite contentious. In reading over the historical debates, it often seems as if no ground has been made by the advocates of a global, borderless economy. Indeed, this is what makes reading Adam [...]
1Jun2007 | Jude Blanchette | 0 comments | ContinuedThe History of “Underdevelopment”
Perhaps the most important feature of the modern world is its sustained, intensive economic growth. This produces most of the other distinctive features of modernity. Although there were earlier episodes of such economic efflorescence (to use Jack Goldstones term), it was only with the industrial revolution of late eighteenth-century Britain that it became a permanent and prominent feature of the world economy. Following the advent of this transformative process, questions soon arose elsewhere. The first was that of how to achieve the same kind of growth and dynamism. Soon this led to further questions: why other parts of the world did not show these qualities and why their attempts to do so ended in failure.
1Jun2006 | Stephen Davies | 0 comments | ContinuedIt’s Always Something
Our economy is in the middle of an extraordinary run of success. Unemployment is low.Personal wealth is near an all-time high. Real wage growth sometimes appears less robust, but when benefits are included, real compensation is healthy. And even with the cries from some that economic mobility
isnt what it once was, legal and illegal immigrants continue
to flock to the United States. Evidently being poor here beats being poor elsewhere by a long shot.
Infatuated with Politics
The most striking fact about modern-day “liberals” is their thoroughgoing infatuation with politics. In their worldview, almost every objective should be pursued through legislation, regulation, or legal action. It’s a reflex. What distinguishes liberals is not their objectives, which range from the laudable to the ridiculous, but their insistence that politics is the best or [...]
1Jul2005 | George C. Leef | 0 comments | ContinuedHave a Canadian Orange
Suppose gasoline became so expensive that getting oranges to Wisconsin raised their price to $3 each. If that price were expected to persist for a long time, there would probably arise a Wisconsin citrus industry with all the trimmings. Orange orchards would be planted near the Illinois border where the weather is warmest.
1May2004 | Russell Roberts | 1 comment | ContinuedDoes Prosperity Depend on Education?
Christopher Lingle is professor of economics at Universidad Francisco Marroquín in Guatemala and global strategist for eConoLytics.com. New Delhi, India—It has become an article of faith that economic progress depends on having an educated citizenry. A corollary is often attached, requiring governments to provide resources to meet this end. However, like so many self-evident truths, [...]
1May2003 | Christopher Lingle | 1 comment | ContinuedThe Great Breakthrough and Its Cause
Reviewed by Robert Lawson Julian Simon’s final work before his untimely death is perhaps his most ambitious undertaking. He wants to explain why at least some parts of humanity, after millennia of virtual stagnation, suddenly began a rapid increase in living standards around the years 1750-1800. Simon labels this phenomenon Sudden Modern Progress (SMP). His [...]
1Jul2002 | Julian L. Simon edited by Tim | 1 comment | ContinuedPoverty and Wealth: India Versus Hong Kong
“The government of India regulates nearly everything, so there’s very little progress; whereas in Hong Kong the government keeps its hands off . . . and the standard of living has multiplied.” -JOHN TEMPLETON1 The mutual fund magnate John Templeton traveled around the world during the 1930s, noting in particular the extreme poverty in two [...]
1Feb2002 | Mark Skousen | 2 comments | ContinuedDevelopment as Freedom
Amartya Sen, the winner of the 1998 Nobel Prize for Economics, has been called a “student of the world’s miserable.” Sen’s research has concentrated on the economic problems that affect the world’s poorest citizens: chronic hunger, famine, illiteracy, infant mortality, and disease. For the past 35 years, he has devoted his considerable scholarly talent to [...]
1May2000 | Victor A. Matheson | 2 comments | ContinuedOrissa’s Man-Made Tragedy
Barun Mitra is founder of Liberty Institute, an independent think tank in New Delhi, India. Reprinted by permission of The Asian Wall Street Journal, November 10, 1999. Copyright 1999, Dow Jones & Company, Inc. All rights reserved worldwide. New Delhi—Twelve days after a super cyclone hit the state of Orissa, India is still grappling with [...]
1Feb2000 | Barun S. Mitra | 0 comments | ContinuedSen or Sense
Barun Mitra is a founder and the managing trustee of Liberty Institute, an independent think tank in New Delhi, India. He has published widely, including in the Wall Street Journal. In the battle over economics, the victory of the market seemed decisive. It had not been easy. Since the days of Adam Smith, the world [...]
1Feb1999 | Barun S. Mitra | 0 comments | ContinuedHow Environmentalism Disdains the Poor
Calvin Beisner is associate professor of interdisciplinary studies at Covenant College in Lookout Mountain, Georgia, and author of Where Garden Meets Wilderness: Evangelical Entry into the Environmental Debate (Eerdmans, 1997) The late Julian Simon and other wise thinkers have long understood that economic development is necessary to enable people to afford a safe environment. That [...]
1Aug1998 | E. Calvin Beisner | 1 comment | ContinuedThe Persistence of Poverty in India: Culture or System?
The recent death of Mother Teresa drew the world’s attention to the dire poverty of Calcutta and of India in general. Mother Teresa ministered to the poorest of a very poor country where asceticism, antimaterialism, and fatalism are integral to the majority religion, Hinduism. For those who follow these beliefs, any effort toward changing the [...]
1Mar1998 | Parth J. Shah | 3 comments | Continued-
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