The Fall Of The Berlin Wall Really

The Key Insight Of Adam Smith's Wealth Of Nations Is Misleadingly Simple: If An Exchange Between Two Parties Is Voluntary, It Will Not Take Place Unless Both Believe They Will Benefit From It. Most Economic Fallacies Derive From The Neglect Of This Simple Insight, From The Tendency To Assume That There Is A Fixed Pie, That One Party Can Gain Only At The Expense Of Another.

Even The Most Ardent Environmentalist Doesn't Really Want To Stop Pollution. If He Thinks About It, And Doesn't Just Talk About It, He Wants To Have The Right Amount Of Pollution. We Can't Really Afford To Eliminate It - Not Without Abandoning All The Benefits Of Technology That We Not Only Enjoy But On Which We Depend.

There Is No Place For Government To Prohibit Consumers From Buying Products The Effect Of Which Will Be To Harm Themselves.

In Response To A Suggestion That Total Free Trade Would End In Cheaper Foreign Products Flooding The Market And Causing Unemployment.

I Think There Is Universal Agreement Within The Economics Profession That The Decline - The Sharp Decline In The Quantity Of Money Played A Very Major Role In Producing The Great Depression.