sábado, janeiro 22, 2005

Mais Walter Williams

Esta lição 8 do Walter Williams está muito boa. Principalmente para os que não entendem muito de economia.

Trecho: Economic theory is broadly applicable. However, a society's property-rights structure influences how the theory will manifest itself. It's the same with the theory of gravity. While it, too, is broadly applicable, attaching a parachute to a falling object affects how the law of gravity manifests itself. The parachute doesn't nullify the law of gravity. Likewise, the property-rights structure doesn't nullify the laws of demand and supply.