Articles Archive for 2 February 2012
Stealing is a Bad Thing »
Why are some countries poor while others rich? That’s a more complex question than the question why is some particular person rich as opposed to another person who is poor. It is fairly easy to recognize that the difficulty arises because an individual is at the mercy of factors out of its control, while in the case of a collective, the collective determines its destiny through the choices it collectively makes. There’s the problem of endogeneity when one considers the collective: society determines the environment, which in turn determines how …
