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Making Poor Nations Rich: Entrepreneurship and the Process of Economic Development (Stanford Economics and Finance) Paperback – November 8, 2007
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"Consider cycle-rickshaw pullers and street vendors in the cities and towns of India. Delhi has approximately 500,000 cycle-rickshaws, providing an affordable and accessible transportation service to the poor.Read more ›
If pressed to rank the sections of the book in descending order of their strengths, I would say: Foreword, Introduction, Part 1, Part 3, and Part 2. However, such an ordering is too subjective for a great book like this one. I give it 5-stars.
Modeling Determinants of Income in Embedded Economies
Their kind of "entrepreneurship" is business and commerce unbridled and uncontrolled by just laws - - the kind of "entrepreneurship" that created slavery, segegration, child labor, and the kind of labor practices that brought about major decisions of the Supreme Court. like "Muller v. Oregon". in 1908, , and a host of others.
It is this kind of "entrepreneurship" that is operative in most Third World countries, in spite of the authors seeming detailed statistics to the contrary. We can see it tearing apart countries like Mexico - in Africa,in Asia, and in the Middle East. Entrepreneurship is absent in totalitarian countries like China, Russia, Syria, Iran and North Korea, because totalitarian governments want to control the economy of their countries to benefit the State.
This book is really a plea for Free Market Economics, unbridled and unregulated by just laws, with the manipulation of statistics to give the impression that it is Free Market Economics that brings about prosperity in nations.
Commerce in the United states is the responsibility of Congress, not the several states, because otherwise states would put barriers to a national economy.
Supreme Court decisions from "Gibbons v. Ogden - to "Wabash , St. Louis & Pacific Railway Co. v. Illinois" - to Muller v. Oregon" - to C & A Carbone, Inc v. Town of Clarktown" have prevented a Free Market Economy from taking root in the United states. The latest decision in 1994.Read more ›