Tag Archives: GDP

Social Paradox of the Concept of Freedom in the West

Hayek’s view is human cooperation, social order, and economic prosperity are only possible where human freedom is maximized, subject to the constraints of a legal and moral code that demarcate the realms of mine and thine. Freedom of action within … Continue reading

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The Truth on Societal Progress: Addressing a Failing Economic Model

Herbert Spencer (1820-1903), an English philosopher and economist, believed that society was evolving towards increasing freedom of individuals and held that government intervention ought to be minimal in political and social life. Spencer’s survival of the fittest concept was believed … Continue reading

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