EclectEcon

Economics and the mid-life crisis have much in common: Both dwell on foregone opportunities

C'est la vie; c'est la guerre; c'est la pomme de terre                                     A View from/of the Econochasm by John Palmer

Richard Posner deserves the next Nobel Prize in Economics
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Ayn Rand: The Only Path to Tomorrow
Principlex has posted Ayn Rand's 1944 column, The Only Path to Tomorrow, which originally appeared in The Readers' Digest in 1944 [h/t to Stephen Hicks]. It is a forceful, but not compelling, statement about the importance of individual freedom. Here is a very brief excerpt:
The history of mankind is the history of the struggle between the Active Man and the Passive, between the individual and the collective. The countries which have produced the happiest men, the highest standards of living and the greatest cultural advances have been the countries where the power of the collective — of the government, of the state — was limited and the individual was given freedom of independent action. As examples: The rise of Rome, with its conception of law based on a citizen's rights, over the collectivist barbarism of its time. The rise of England, with a system of government based on the Magna Carta, over collectivist, totalitarian Spain. The rise of the United States to a degree of achievement unequaled in history — by grace of the individual freedom and independence which our Constitution gave each citizen against the collective.

While men are still pondering upon the causes of the rise and fall of civilizations, every page of history cries to us that there is but one source of progress: Individual Man in independent action. Collectivism is the ancient principle of savagery. A savage's whole existence is ruled by the leaders of his tribe. Civilization is the process of setting man free from men.
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Principlex:
What is your reason for it not being compelling? What would have it be compelling for you?

Principlex
7.2.2008 10:30pm
EclectEcon (mail) (www):
...every page of history cries to us that there is but one source of progress: Individual Man in independent action. Collectivism is the ancient principle of savagery.
seems to overstate the case for freedom.

I'm not much of a historian, but there was what seemed to me to be a lot of progress under collectivism at times in history. But, of course, that begs the question as to what is meant by "progress" and how one might measure it.

That having been said, I think her case was much more compelling for the past 200 years.

But even more, I don't think progress, however measured and however defined, is the most important reason for wanting more individual freedom.
7.3.2008 1:09am
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