All Posts Tagged With: "public benefit"
History for Sale: Why Not?
Sold!” cried the Sotheby’s auctioneer on the night of December 18, 2007, as one of history’s oldest political documents changed hands. It was Magna Carta, or rather a copy of it that dated to 1297. The buyer was not a government but an individual, a Washington lawyer named David Rubenstein. He paid $21.3 million for [...]
1May2008 | Lawrence W. Reed | 0 comments | ContinuedPublic Interest or Private Interest?
That private interest dominates market decisions is widely accepted, if not always applauded. Farmers don’t get up early on cold mornings in Nebraska to plant crops because of concern over world hunger, but because they want more income for themselves and their families. People don’t invest in pharmaceutical firms because they want to help the [...]
1May2002 | Dwight R. Lee | 0 comments | ContinuedThe Perversion of Economic Development
In a country known for having forged the world’s highest living standard from what was wilderness scarcely 200 years ago, one would think that “economic development” is a well-understood concept. Unfortunately, it isn’t. In recent decades, economic development has come to mean something other than the spontaneous, entrepreneurial phenomenon that built America. It is often [...]
1Feb1996 | Lawrence W. Reed | 0 comments | Continued-
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