U.S. Development Policy

By Robert Hockett Modern economics and many policies informed by it have brought near miracles of wealth-generation to societies worldwide. They have done this by showing how societies that foster and reward individual creativity and initiative, and that provide these divine human attributes with efficient outlets through which to build and produce and disseminate what is at first only conceived or imagined, are societies whose members flourish and grow ever more prosperous together. Modern economics and the policies informed by it also have suffered one blind spot, however. They often have failed to clarify how they define those ‘economies’ and ‘societies’ of and to which they speak. Later economists, unfortunately, as their models grew ever more general and mathematical, abstracted aw...