All Posts Tagged With: "West Germany"
Germany: From the Market to Socialism and Back?
Germany is still the third biggest economy in the world, but like the second (Japan) it is suffering from rising unemployment (approaching four million or 10 percent of the workforce), massive capital flight, a growth rate approaching zero, workers who were once a legend for productivity but who are now over-educated and reluctant to do a full day’s labor without consulting a rule book of “rights” (a law restricting shopping on Saturday afternoon has only just been repealed), and enormous present and future welfare obligations.
1May2003 | mnolan | 0 comments | ContinuedEconomic Freedom and Economic Growth
One of the most enduring questions in economics is what causes economies to grow. The full title of Adam Smith’s well-known treatise, An Inquiry into the Nature and Causes of the Wealth of Nations, published in 1776, clearly shows that the causes of prosperity were Smith’s primary concern. He concluded that free markets, the protection [...]
1Feb1998 | Randall G. Holcombe | 26 comments | ContinuedIf There Were No Capitalism
Mr. Chamberlin is an editorial contributor to the Wall Street Journal. “If there were no God it would be necessary to invent Him.” Thus the witty and skeptical Voltaire’s phrase could also be applied to the economic system known as capitalism, often buried with much pomp and circumstance by communist, socialist, and assorted left wing [...]
1Feb1956 | William Henry Chamberlin | 0 comments | Continued-
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