An alternate history that I find interesting is a scenario where, in 1947, the British kept one city in India – e.g. Surat. This is analogous to the British control of Hong Kong in China after the communist revolution.
Why is Surat interesting for such an analysis, and not Bombay? It sounds too implausible for free [...]
:: Thursday, March 18, 2010
The great insight of modern economics is the power of markets to align the interest of society and the individual. The idea that attending to your own affairs and following your passions is all that one must contribute to society is incredibly liberating. The market system has proven an incredibly powerful, efficient and innovate tool [...]
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