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Bonus Quotation of the Day…

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… is from page 279 of Kristian Niemietz’s marvelous 2019 book, Socialism: The Failed Idea That Never Dies: We take it for granted that living standards rise over time. For most of history, they did not. This trend only really began with the advent of industrial capitalism, which was a game changer in world history. Comments

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… is from page 279 of Kristian Niemietz’s marvelous 2019 book, Socialism: The Failed Idea That Never Dies:

Bonus Quotation of the Day…We take it for granted that living standards rise over time. For most of history, they did not. This trend only really began with the advent of industrial capitalism, which was a game changer in world history.

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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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