Rather than reducing concentrated market power through “disruption” or “creative destruction,” technological innovation historically has only added to the problem, by awarding monopolies to just one or a few dominant firms. And market forces offer no remedy to the problem; only public policy can provide that.
shows that technological change leads not to disruption, but to deeper, more enduring forms of market power.
The passing of America’s preeminent foreign-policy thinker and practitioner marks the end of an era. Throughout his long and extraordinarily influential career, Henry Kissinger built a legacy that Americans would be wise to heed in this new era of great-power politics and global disarray.
reviews the life and career of America’s preeminent foreign-policy scholar-practitioner.
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就像共产党政权曾经把卡尔·马克思奉为神明一样,现代经济学家已经把亚当·斯密(Adam Smith)尊为先知。他们总结斯密的核心原则——即无论在何种文化条件下,好的激励机制就会产生好的结果—— 这已经成了经济学的信条。但这种观点是对历史的误解(也许也是对斯密本意的误解)。
带来现代经济发展的不是好的激励机制,而是在英格兰和苏格兰这样的社会中创造新的经济文化。要想让贫困社会快速发展,我们就不仅要改变它们的制度和相应的激励机制,更要改变它们的文化。这就要让更多社会民众了解经济发达国家的生活。
尽管几乎所有的经济学家都相信激励机制的重要作用,世界历史的三大特征显示出文化的主导作用。
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