Economic


Commonwealth Caribbean Economic Integration

LIMITED OFFICIAL USE PAGE 01 STATE 099857 44 ORIGIN ARA-17 INFO OCT-01 ADP-00 AID-20 CIAE-00 COME-00 EB-11 FRB-02 INR-10 NSAE-00 RSC-01 TRSE-00 XMB-07 OPIC-12 CIEP-02 LAB-06 SIL-01 OMB-01 L-03 TAR-02 /096 R DRAFTED BY ARA/ CAR/ J: WPKELLY/ PWHILBURN, JR.: JANET 5/24/73 EXT-23447 APPROVED BY ARA/ CAR: JRBURKE ARA/ CAR: PFCANNEY ARA/ ECP: JLANDBERG ARA/ CAR: WBWHEELER ARA/ CEN: SLIPPE ——————— 026226 R 241617 Z MAY 73 FM SECSTATE WASHDC TO AMCONSUL BELIZE AMEMBASSY BRIDGETOWN AMEMBASSY GEORGETOWN AMEMBASSY KINGSTON AMCONSUL NASSAU AMEMBASSY PORT OF SPAIN LIMITED OFFICIAL USE STATE 099857 E. O. 11652 N/ A TAGS: EGEN, EEC, BB, BH, […]

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Free to choose

Free to Choose is a book and a ten-part television series broadcast on public television by economists Milton and Rose D. Friedman that advocates free market principles. Milton Friedman Quotes: “The most important single central fact about a free market is that no exchange takes place unless both parties benefit.” “Nobody spends somebody else’s money as carefully as he spends his own. Nobody uses somebody else’s resources as carefully as he uses his own. So if you want efficiency and effectiveness, if you want knowledge to be properly utilized, you have to do it through the means of private property.” […]


Why Socialism?

By Albert Einstein From Monthly Review, New York, May, 1949. Is it advisable for one who is not an expert on economic and social issues to express views on the subject of socialism? I believe for a number of reasons that it is. Let us first consider the question from the point of view of scientific knowledge. It might appear that there are no essential methodological differences between astronomy and economics: scientists in both fields attempt to discover laws of general acceptability for a circumscribed group of phenomena in order to make the interconnection of these phenomena as clearly understandable […]


John Perkins on Globalization

For many years John Perkins claimed to have been working as something he defines to be like an “economic hit man in the world of international finance”; a function he performed by persuading Third World countries to take on large scale public works projects. Today, we recognize that these types of projects, financed by the World Bank and International Monetary Fund (IMF), have served to enrich U.S. corporations while creating crippling debt for these countries, effectively turning them into American client states. Experiencing a change of heart, Perkins resigned from the business in 1981. After running a utility company, he […]