Important Economic Lessons from Thanksgiving
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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:
Dr. Perry,
Happy Thanksgiving!!
I enjoy reading your blog.
-MBA student
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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