Wednesday, November 26, 2008

Important Economic Lessons from Thanksgiving

There are some important, but often overlooked economic lessons about our celebration tomorrow of Thanksgiving: private property rights, the tragedy of the commons, the failure of communal farming, socialism vs. capitalism, and the triumph of the free enterprise system. Read about it here.

2 Comments:

At 11/26/2008 3:12 PM, Anonymous Anonymous said...

Dr. Perry,

Happy Thanksgiving!!

I enjoy reading your blog.

-MBA student

 
At 11/26/2008 11:50 PM, Anonymous poor boomer said...

Note that every Pilgrim family was assigned a parcel of land.

What would they have done without "free" land?

How are today's landless to prosper without land and without property rights?

 

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