SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?


To: LindyBill who wrote (22519)1/2/2004 3:07:19 AM
From: D. Long  Respond to of 793681
 
Cotton became a cheap and common cloth, and cotton production a major industry.

Cheap cotton clothing which was a health revolution in Europe. And the textile mill, which made the cotton clothing, raised the income and standard of living of multitudes and helped create an urban middle class.

Derek@connections.edu



To: LindyBill who wrote (22519)1/2/2004 8:28:11 PM
From: KLP  Respond to of 793681
 
Thanks LB...Most interesting article. Don't think I've read Postrel before, but will make it a point to do so.

Re the question, "What accounts for the wealth of nations...?"

Of course, many things, but personal, individual responsibility is one thing. And the ability or fortune to have leaders of the country with foresight, knowledge, integrity, honesty, and intuition as well. After all, finding a pretty rock in the desert won't feed anyone, even if it is a diamond, or gold. Taking it to a leader with the above qualities may help the individual convert the find into seeds, plows, water rights, etc so that that individual can eventually feed his family and the families of others.

Despite all the differences across time and space, Professor Mokyr says: "There are certain unifying themes that you see everywhere. People have to make a living. People would rather have more than to have less. On the whole, they don't behave stupidly. They do as well as they can under the circumstances. The variation is in the circumstances, in the richness and diversity of human economic institutions that have emerged over time."