The View From 1776
Saturday, March 28, 2009
Government as the Agent of Prosperity
A reader asserts that, in the chicken-or-egg-first debate, prosperity is not possible without organization of the economy by government.
David Airth, a reader who frequently posts thought-provoking ripostes to articles appearing on this website, commented in response to AIG Employees’ Side of the Story.
He wrote, in part:
It has always been government that first establishes the favorable circumstances and the common sense in which a healthy economy can and will flourish.
The validity of Mr. Airth’s assertion depends upon how one defines a healthy economy. If by healthy economy is meant one in which production of useful goods is maximized and individual standards of living rise significantly from generation to generation, then I do not believe one can find any such economy prior to the 17th century. Certainly not always has Mr. Airth’s assertion been valid.
Mr. Airth also comments: