Economics Library: Essential Scholars

The thing that astonished me the most when I came to the United States was the public library. Every city and even rinky-dinky towns have public libraries. These are open to all and for free, unlike say university libraries.

Fortunately for me, my formal schooling prepared me by giving me the tools (reading comprehension and numeracy) for me to use libraries. I think that at the very least, everyone should be given those tools so that they can access libraries. That’s all that you need to do to get an educated citizenry. Continue reading “Economics Library: Essential Scholars”

Have the Laws of Economics Changed?

The correlation between economic freedom and economic prosperity is well-established and robust. Economics explains why this relationship exists and also the causal direction — economic freedom is the cause and prosperity the effect.

I am by nature in favor of freedom of all flavors, not just economic freedom. I value freedom as an ultimate good, although it fortunately happens to be an instrumental good too. Even if material prosperity did not follow from economic freedom — meaning that it was not instrumental in creating wealth — I would still value economic freedom for itself. Philosophically I am not a utilitarian.

These musings are provoked by a comment┬áto the piece on Economic Freedom and Well-being last week. Here’s the comment:

Continue reading “Have the Laws of Economics Changed?”