Nobel Address (1991)
Context: Being resolute today means to act within the framework of political and social pluralism and the rule of law to provide conditions for continued reform and prevent a breakdown of the state and economic collapse, prevent the elements of chaos from becoming catastrophic.
All this requires taking certain tactical steps, to search for various ways of addressing both short- and long-term tasks. Such efforts and political and economic steps, agreements based on reasonable compromise, are there for everyone to see.
“The problem is rather that many African states lack the capacity to establish the crucial conditions for capital accumulation and, additionally, act in economically irrational ways. This nondevelopmental or even antidevelopmental thrust is manifest in the mismanagement, inefficiency, and pervasive corruption of the public sector as well as political instability and the inability to prevent widespread evasion of laws and regulations.”
Source: The State and Economic Stagnation in Tropical Africa, p. 321
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Richard Sandbrook 4
environmentalist 1946–2005Related quotes
1820s, Signs of the Times (1829)
"The End of the Free Market: Six Questions for Ian Bremmer," http://harpers.org/archive/2010/05/hbc-90006994 Harper's (May 7, 2010).
Source: The Modern Corporation and Private Property. 1932/1967, p. 357 (1967, p. 313)
Source: The Next 100 Years: A Forecast for the 21st Century (2009), p. 96
Source: Democracy and Political ignorance: Why smaller government is better (2013), p. 6
Context: In the same way, it is not necessarily paternalistic to advocate the restriction of air pollution. Individual citizens and firms may produce more air pollution than any of them actually want because they know that there is little to be gained from uncoordinated individual restraint. If I avoid driving a gas-guzzling car, the impact on the overall level of air pollution w ill be utterly insignificant. So I have no incentive to take it into account in making my driving decisions even if I care greatly about reducing air pollution. Widespread public ignorance is a type of pollution that infects the political system rather than our physical environment.
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"Conditions of Recovery," ch. 8 of The Great Depression https://mises.org/library/great-depression-0 (Freeport, N. Y.: Books for Libraries Press, 1971; orig. 1934), pp. 193–194.
Context: It has been the object…to show that if recovery is to be maintained and future progress assured, there must be a more or less complete reversal of contemporary tendencies of governmental regulation of enterprise. The aim of governmental policy in regard to industry must be to create a field in which the forces of enterprise and the disposal of resources are once more allowed to be governed by the market.But what is this but the restoration of capitalism? And is not the restoration of capitalism the restoration of the causes of depression?If the analysis of this essay is correct, the answer is unequivocal. The conditions of recovery which have been stated do indeed involve the restoration of what has been called capitalism. But the slump was not due to these conditions. On the contrary, it was due to their negation. It was due to monetary mismanagement and State intervention operating in a milieu in which the essential strength of capitalism had already been sapped by war and by policy. Ever since the outbreak of war in 1914, the whole tendency of policy has been away from that system, which in spite of the persistence of feudal obstacles and the unprecedented multiplication of the people, produced that enormous increase of wealth per head…. Whether that increase will be resumed, or whether, after perhaps some recovery, we shall be plunged anew into depression and the chaos of planning and restrictionism—that is the issue which depends on our willingness to reverse this tendency.