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Why did I start the course by running around the room dropping money out of my pockets? Evaluate the following statement: Jibbets are useless. I
Why did I start the course by running around the room dropping money out of my pockets? Evaluate the following statement: \"Jibbets are useless. I can't believe some woman made $20 million by founding and selling a company to produce plastic toys to stick in your sandals." Recall the story of my cup of coffee. Assume that everyone in the world is a good person. Using the lessons from that story, briefly describe why collectivist societies have found prosperity so hard to come by over the course of history. What is it that binds millions of separate activities into a coherent process that is able to deliver clothes, coffee, health care, etc. without anyone asking for it, or anyone ordering it? What was the major contribution of the French Physiocrats and the Scottish Moral Philosophers to the success of the Industrial Revolution? What did Adam Smith mean when he referred to the "rule of law" being an important institution to allow economic growth to proceed
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