Professor Mark J. Perry's Blog for Economics and Finance
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The single most damaging error of the modern age is the misperception of government as an agency of compassion. As a replacement for the "divine right of kings," this misperception has, for those in power, been an astonishing success. For the rest of mankind, it has frequently been a disaster beyond imagining. Government is nothing more than structured, widespread coercion, and the idea that it can implement compassion for us by force is simply a vile and cunning lie. It is cunning because people are primed and willing, even desperate, to believe it. - Glenn Allport
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That titan of capitalists, Carnegie, thought inherited wealth an enfeebling abomination, and that no wealth should be transferred through the generations.Then everyone would have to stand on their own two feet.
Robert,Benny's post merely reiterated the very well known views of Carnegie but did not offer any opinion on the subject. Your frustrations seem to be getting the better of your good nature and civility.
Neat!I liked it Robert.
I accept this, but a question: How could we build our world, without considering what exists?Is it possible?I need more explanation!
Robert,Excellent post. Nice to see that you aren't letting the turkeys get you down. Agree that the use of normative phrases has implications which may be intentional. I also agree that Carnegie's thoughts on inheritance do not seem to relate directly to the content of the Twain quote. Andrew Carnegie (1835-1919) and Mark Twain (1835-1910) were historical contemporaries. From this standpoint, both quotes reflect the cultural norms of 19th century American society ie. the work ethic, self-reliance. It seems strange that the "quote of the day" is not "of the day" but rather one from the 19th century.
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Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan.
Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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