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46%  
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  • WSJ: The Wealth of Nations - Thee's no halfway house to economic growth.

    10/06/2005 5:16:00 AM PDT · by OESY · 20 replies · 752+ views
    Wall Street Journal ^ | October 6, 2005 | LESZEK BALCEROWICZ
    The failure of various forms of statism in the Third World, the bankruptcy of communism in the former Soviet bloc and China, and the high long-term unemployment and relative stagnation in Western European countries with overregulated economies has forced a revision of the development paradigm in favor of the market and private property -- in short, a more limited state. But the battle over ideas and policies is far from over. As a matter of fact, it will never end, as the forces of statism regroup rather than capitulate. This is why it is so important to analyze which policies...