Bonus Quotation of the Day…

by Don Boudreaux on February 27, 2023

in Growth, History, Property Rights

… is from page xiv of the 2003 Third Edition of economic historian Eric Jones’s 1981 book, The European Miracle:

Europe alone managed [in the early modern era] the politically remarkable feat of curtailing arbitrary power, thus reducing risk and uncertainty, encouraging more productive investment, and promoting growth.

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