首页
登录
职称英语
Governments that want their people to prosper in the burgeoning world economy
Governments that want their people to prosper in the burgeoning world economy
游客
2025-04-26
15
管理
问题
Governments that want their people to prosper in the burgeoning world economy should guarantee two basic rights: the right to private property and the right to enforceable contracts, says Mancur Olson in his book Power and Prosperity. Olson was an economics professor at the University of Maryland until his death in 1998.
Some have argued that such rights are merely luxuries that wealthy societies bestow, but Olson turns that argument around and asserts that such rights are essential to creating wealth. "Incomes are low in most of the countries of the world, in short, because the people in those countries do not have secure individual rights," he says.
Certain simple economic activities, such as food gathering and making handicrafts, rely mostly on individual labor; property is not necessary. But more advanced activities, such as the mass production of goods, require machines and factories and offices. This production is often called capital-intensive, but it is really property-intensive, Olson observes.
"No one would normally engage in capital-intensive production if he or she did not have rights that kept the valuable capital from being taken by bandits, whether roving or stationary," he argues. "There is no private property without government--individuals may have possessions, the way a dog possesses a bone, but there is private property only if the society protects and defends a private right to that possession against other private parties and against the government as well."
Would-be entrepreneurs, no matter how small, also need a government and court system that will make sure people honor their contracts. In fact, the banking systems relied on by developed nations are based on just such an enforceable contract system. "We would not deposit our money in banks ... if we could not rely on the bank having to honor its contract with us, and the bank would not be able to make the profits it needs to stay in business if it could not enforce its loan contracts with borrowers," Olson writes.
Other economists have argued that the poor economies of Third World and communist countries are the result of governments setting both prices find the quantities of goods produced rather than letting a free market determine them. Olson agrees that there is some merit to this point of view, but he argues that government intervention is not enough to explain the poverty of these countries. Rather, the real problem is lack of individual rights that give people incentive to generate wealth. "If a society has clear and secure individual rights, there are strong incentives (刺激,动力) to produce, invest, and engage in mutually advantageous trade., and therefore at least some economic advance," Olson concludes. [br] What does Olson think about mass production?
选项
A、It’s capital intensive.
B、It’s property intensive.
C、It relies on individual labor.
D、It relies on individual skills.
答案
B
解析
转载请注明原文地址:https://tihaiku.com/zcyy/4054941.html
相关试题推荐
Eachyear,millionsofpeopleinBangladeshdrinkgroundwaterthathasbeen
Governmentsthatwanttheirpeopletoprosperintheburgeoningworldeconomy
Governmentsthatwanttheirpeopletoprosperintheburgeoningworldeconomy
Governmentsthatwanttheirpeopletoprosperintheburgeoningworldeconomy
Governmentsthatwanttheirpeopletoprosperintheburgeoningworldeconomy
LastyearFrenchdriverskilled【1】than5,000peopleontheroadsforthefir
LastyearFrenchdriverskilled【1】than5,000peopleontheroadsforthefir
LastyearFrenchdriverskilled【1】than5,000peopleontheroadsforthefir
LastyearFrenchdriverskilled【1】than5,000peopleontheroadsforthefir
LastyearFrenchdriverskilled【1】than5,000peopleontheroadsforthefir
随机试题
Recentlyscientistshavebeen【1】andperfectingothersourcesofenergy:nucl
Oneofmyfavoriteposterssays,"Lifeisatest.Itisonlyatest.Hadth
[originaltext]W:Somepeopleclaimthatskincancerisnothingtoworryabout.
FromTaiwantoAlgeria,thousandsofforeigners【S1】______toU.S.universitie
对交通运输建设项目进行敏感性分析时,需要通过测算敏感度系数,找出敏感性因素。敏感
在质量规划中,()是一种统计分析技术,可用来帮助人们识别并找出哪些变量对项
患者,男,30岁,主诉:牙龈自动出血伴牙龈疼痛,口臭3天,未发烧。检查:牙石(+
1,1,8,16,7,21,4,16,2,()。A.10 B.20 C.3
工程勘察不包括()。A:工程建设准备 B:工程测量 C:工程地质勘查 D:
关于竣工结算说法错误的是()。A.发包人在收到承包人提交的竣工结算申请单后2
最新回复
(
0
)