The Political Economy of Civilization

Greg Davidson and Paul Davidson
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Greg Davidson: National Aeronautics and Space Administration

Chapter 2 in Economics for a Civilized Society, 1988, pp 29-51 from Palgrave Macmillan

Abstract: Abstract Newtonian physics postulates that every action has an equal and opposite reaction. Similarly, it is a conservative argument that every economic benefit must exact a cost somewhere else. They view everything in the world as a trade-off, or as the current slang goes: TANSTAAFL (‘there ain’t no such thing as a free lunch’).

Keywords: Civilized Society; Political Economy; Civic Virtue; Internal Good; External Incentive (search for similar items in EconPapers)
Date: 1988
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Chapter: The Political Economy of Civilization (1996)
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DOI: 10.1007/978-1-349-19244-1_2

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