Analyze the reasons why some countries have high standards of living while others do not.
Describe the role of the market system and rule of law in enhancing productivity and living standards.
Chapter 1, 1-3a Principle 8: A Country’s Standard of Living Depends on its Ability to Produce Goods and Services
A video (6:49) on the effect of incentives on building bridges and life in early Jamestown.
Here is an interview with Hernando de Soto on Bitcoin, Blockchain, and the Fight Against Poverty. “But De Soto is convinced that the key to tackling extreme poverty — and the desperate violence that can accompany it — is to focus on property rights.”