I think envy drives more people to do bad stuff than ambition or greed ever did. And politicians regularly depend on envy to motivate the masses to elect them on the promise that the wealthy are evil and therefore deserving… Read More ›
Month: March 2019
Margaret Thatcher’s Tribute to Friedrich von Hayek
To mark the 75th anniversary of the publication of Friedrich Hayek‘s The Road to Serfdom, several of Hayek’s personal items were auctioned at Sotheby’s in London on March 19th. Hayek, together with Gunnar Myrdal (the economist from the opposing camp),… Read More ›
What Explains China’s Rise? — Part 3
Samuel Johnson (1704 – 1789), the great lexicographer, noted that “knowledge is of two kinds. We know a subject ourselves, or we know where we can find information upon it.”[1] Although I know fancy little about China, I do know… Read More ›
What Explains China’s Rise? — Part 2
The most concise answer to the question, “What explains China’s rise?” is one word: luck. (On the left, the Chinese character for luck.) Actually luck has been a major factor in the rise of all nations that escaped the grip… Read More ›
