All Posts Tagged With: "Third World countries"
Must a Formal Legal System Come Before Prosperity?
Capital Letters It was disheartening to read John Stossel’s uncritical endorsement of Hernando de Soto’s diagnosis of the causes of poverty in Third World nations as their lack of street addresses and legal titles to property (“Why Do the Poor Stay Poor?,” March 2011). The error of these claims in De Soto’s The Mystery of [...]
25May2011 | Foundation for Economic Education | 0 comments | ContinuedUnderdeveloping Indiana
The people of the 50 states of the United States (5 percent of the world’s population) produce 31 percent of the world’s gross product of goods and services. Think of the United States as a world in itself, composed of 50 countries with open borders and no restrictions on trade between them. In this world, [...]
1Sep2002 | Manuel F. Ayau | 3 comments | ContinuedThe Contradictions of Capitalism
We advocates of individual rights and free markets can’t win the intellectual debate with the ideological left. That’s because there is no intellectual debate with the left. There can’t be a debate since the opponents of capitalism are simply not open to rational discussion. They know that capitalism is inherently evil, and no argument, no [...]
1Aug2002 | James Peron | 0 comments | ContinuedThe Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else
Taking things for granted isn’t always a bad idea. Anyone who checks the morning paper to see if the sun will rise in the east is wasting his time. But the role of property has been taken for granted, with awful results. Economics textbooks may discuss incentives to invest, but they seldom, if ever, make [...]
1Jan2002 | William B. Conerly | 0 comments | ContinuedThe Sorry Record of Foreign Aid in Africa
For almost half a century the countries of Africa have been awash in aid. Hundreds of billions of dollars have been given to African governments. More billions were lent to these same governments. Countless tons of food have inundated the continent, and swarms of consultants, experts, and administrators have descended to solve Africa’s problems.
1Aug2001 | James Peron | 5 comments | ContinuedFrom Subsistence to Exchange and Other Essays by Peter Bauer
Princeton University Press • 2000 • 168 pages • $19.95 Recent protests at the World Trade Organization meetings in Seattle, the International Monetary Fund in Washington, D.C., and the Republican and Democratic national conventions, seem to have reinvigorated the critics of globalization. Are economists at a loss to answer those protests? Sadly, Lord Bauer has [...]
1Jun2001 | Craig A. Depken II | 0 comments | ContinuedWorkin’ on the Chain Gang: Shaking Off the Dead Hand of History by Walter Mosley
Ballantine Books • 2000 • 118 pages • $16.95 Walter Mosley, author of the Easy Rawlins mysteries, departs from the detective genre to offer us Workin’ on the Chain Gang: Shaking off the Dead Hand of History. This economic diatribe is part of Ballantine’s misnamed “Library of Contemporary Thought,” for there is nothing contemporary about [...]
1Jun2001 | E. Frank Stephenson | 0 comments | ContinuedMaking Environmental Tradeoffs
Wealthy countries have it easy. Their citizens are richer. Their people enjoy healthier and safer environments. Yet Western nations are hindering Third World people from improving their lives—in the name of the environment.
Malaria is seen as a poor nation’s disease, but it once afflicted today’s industrialized states. Decades ago people in the United States and Europe suffered from this, one of history’s most ravaging diseases. But malaria has essentially disappeared in the West.
1May2001 | Doug Bandow | 0 comments | Continued-
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