From: Howard Engelskirchen (howarde@TWCNY.RR.COM)
Date: Thu Oct 14 2004 - 14:55:37 EDT
I wondered whether there was a connect to be made in terms of the institutional emphasis -- this or that institution put in place, here market institutions with respect to labor hours -- does the explaining more or less without context. Perhaps there is no connect to be found. Steve's clarification certainly suggests a different point. howard ----- Original Message ----- From: "Paul Cockshott" <wpc@DCS.GLA.AC.UK> To: <OPE-L@SUS.CSUCHICO.EDU> Sent: Wednesday, October 13, 2004 11:30 AM Subject: Re: [OPE-L] Nobel Science ---------------- Is this the ideologie du jour? I've run similar arguments a couple of times recently -- secure rights to property and contract account for astounding development in places which have otherwise stagnated (rural china); lack of such institutions account for the failure of the failed states of the third world. howard ------------------ How is this the same thing as Prescott was saying?
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