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The Biggest Question in Economics
Theory that i espoused, and the theory that has convinced me, is that over hundreds of years, in western europe and in north america, our economic and political institutions have grown more inclusive. And what that meant was that you no longer needed a permission from the king in order to open a shop or import a bag of wool from another country. So there's an autonomy, there's an element of autonomy, but there's also a generosity. Ta, that autonomy leads to increased productivity, but the product, the consequences of the production, are also being shared, and rather than hoarded, theyre being distributed reasonably. Well, ah, yes. But the key here