1.5. It's one of the ironies of American history that when the pilgrims first arrived at Plymouth...
Question:
1.5. It's one of the ironies of American history that when the pilgrims first arrived at Plymouth Rock, they promptly set about creating a communal society in which all shared equally in the produce of their land. As a result, the pilgrims were soon starving to death.
Fortunately, "after much debate of things,"
Governor William Bradford ended the com commons, decreeing that each family should keep the corn that it produced. In one of the most insightful statements of political economy ever written, Bradford described the results of the new and old systems.
[Ending the corn commons] had very good success, for it made all hands very industrious, so as much more corn was planted than otherwise would have been by any means the Governor or any other could use, and saved him a great deal of trouble, and gave far better content. The women now went willingly into the field, and took their little ones with them to set corn; which before would allege weakness and inability; whom to have compelled would have been thought great tyranny and oppression.
Step by Step Answer:
Modern Principles Microeconomics
ISBN: 9781429239998
2nd Edition
Authors: Tyler Cowen, Alex Tabarrok