Nye shares, along with folks such as Douglass North, a view that open-access orders are rare and somewhat contrary to human nature. What is in fact more natural are societies based on principles of an extended family. It is more natural to live in a world of Mafia Godfathers than one with fair, open, competitive markets.
Wednesday, March 10, 2010
Kling provides us with a very interesting summary of an article by John Nye on the New Deal, here's the main passage: