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Quotation of the Day…

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… is from page 22 of Michael Porter’s 2000 essay “Attitudes, Values, Beliefs, and the Microeconomics of Prosperity,” which is chapter 2 in Culture Matters, Lawrence E. Harrison and Samuel P. Huntington, eds. (2000): A big part of the task in economic development, then, is educational because many citizens and even their leaders lack a framework for understanding the modern economy, seeing their role in it, or perceiving their stake in the behavior of other groups in society. Lack of understanding often allows special interests to block change that will widely benefit the nation’s prosperity.

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Don Boudreaux writes Quotation of the Day…

… is from page 22 of Michael Porter’s 2000 essay “Attitudes, Values, Beliefs, and the Microeconomics of Prosperity,” which is chapter 2 in Culture Matters, Lawrence E. Harrison and Samuel P. Huntington, eds. (2000):

Quotation of the Day…A big part of the task in economic development, then, is educational because many citizens and even their leaders lack a framework for understanding the modern economy, seeing their role in it, or perceiving their stake in the behavior of other groups in society. Lack of understanding often allows special interests to block change that will widely benefit the nation’s prosperity.

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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