Toolboxnj Posted December 8, 2004 Report Share Posted December 8, 2004 I found this PDF at Acadamia.org and throughly enjoyed it. It goes into the first government subsidy of a steamboat business and how the individual businessman wins out without government money. Enjoy -> http://www.academia.org/pdf/folsom_transcript.pdf Quote Link to comment Share on other sites More sharing options...
Lord Poppycock Posted December 8, 2004 Report Share Posted December 8, 2004 Thanks. I haven't read it yet but it looks interesting. Quote Link to comment Share on other sites More sharing options...
coirecfox Posted December 8, 2004 Report Share Posted December 8, 2004 He wrote a book called "The Myth of the Robber Barons" in which he articulates the difference between market monopolists and coercive monopolists. Excellent read and full of great information. Quote Link to comment Share on other sites More sharing options...
Kitty Hawk Posted December 8, 2004 Report Share Posted December 8, 2004 I found this PDF at Acadamia.org and throughly enjoyed it. It goes into the first government subsidy of a steamboat business and how the individual businessman wins out without government money. A perfect example of private enterprise succeeding where government supported efforts failed is the invention of the airplane. The Wright Brothers succeeded without a cent of government money; meanwhile Saumuel Langley, head of the Smithsonian Institution at the time, got $50,000 of government support to produce an aircraft. Langley failed, the Wright Brothers succeeded. Quote Link to comment Share on other sites More sharing options...
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