Infrastructure and Institutions

While reading the introduction of Seth Jones‘ non-fiction In the Graveyard of Empires: America’s War in Afghanistan, I came across an interesting quote on infrastructure and institutions from Nobel-prize winning economist Amartya Sen, which I’d like to share:

“Political freedoms (in the form of free speech and elections) help to promote economic security. Social opportunities (in the form of education and health facilities) facilitate economic participation. Economic facilities (in the form of opportunities for participation in trade and production) can help to generate personal abundance as well as public resources for social facilities.”

You might find this either basic or esoteric, but it certainly deserves some thought. Although I think he was actually discussing nation-building, if there is a formula for what makes America such a prosporous nation, Sen’s idea has provided the most accurate and concise I’ve ever seen.

- Matt

—————–

-