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The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt

Showing posts with label culture. Show all posts

Monday, April 23, 2012

Quote of the Day: Ideas as Cultural Currency

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The monopoly currency of cultural evolution is ideas. Ideas can only be generated when an alert mind senses a further or more powerful me...

Wednesday, January 25, 2012

How Economic Freedom Erodes India’s Caste System

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From Economic Times India , (bold emphasis mine) On the face of it, entrepreneur Ashok Khade is just another one of India's growing...

Friday, December 02, 2011

Quote of the Day: Trade Spreads Culture

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Every increase in trade facilities aids in the spreading of cultural values; and, contrariwise, every interference with trade results in ...

Friday, June 03, 2011

Free Trade’s Influence on Culture

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Even a culture of hate, bigotry and intolerance can be reformed by free trade. From the Slate , (hat tip David Boaz ) If a century se...

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