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.
Dr. Perry,
ReplyDeleteHappy Thanksgiving!!
I enjoy reading your blog.
-MBA student
Note that every Pilgrim family was assigned a parcel of land.
ReplyDeleteWhat would they have done without "free" land?
How are today's landless to prosper without land and without property rights?