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Bonus Quotation of the Day…

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… is from page 285 of Matt Ridley’s marvelous new (2020) book, How Innovation Works: And Why It Flourishes in Freedom (link added): Britain, too, was slow to provide public support for science compared with France and Germany, but as [Terence] Kealey observes: ‘the continent supposed markets failed in science, the UK supposed they did not, and the industrial revolution was British, not French or German.’ DBx: Yes. Only one error is more commonplace than to underestimate the creativity and abilities of people acting voluntarily – that is, acting in ways that each individual chooses, uncoerced by other human beings. That more-commonplace error is to vastly overestimate the creativity and abilities of people possessing the power to coerce fellow human beings. Comments

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Don Boudreaux writes Bonus Quotation of the Day…

… is from page 285 of Matt Ridley’s marvelous new (2020) book, How Innovation Works: And Why It Flourishes in Freedom (link added):

Bonus Quotation of the Day…Britain, too, was slow to provide public support for science compared with France and Germany, but as [Terence] Kealey observes: ‘the continent supposed markets failed in science, the UK supposed they did not, and the industrial revolution was British, not French or German.’

DBx: Yes.

Only one error is more commonplace than to underestimate the creativity and abilities of people acting voluntarily – that is, acting in ways that each individual chooses, uncoerced by other human beings. That more-commonplace error is to vastly overestimate the creativity and abilities of people possessing the power to coerce fellow human beings.

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Don Boudreaux
He is a professor of economics at George Mason University in Fairfax, Virginia. Previously, he was president of the Foundation for Economic Education.

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