Will Thomas
Will Thomas
Will Thomas may refer to:...
NationalityAmerican
ProfessionNovelist
CountryUnited States of America
causes economic education essential historical ingredient record states understanding united
Understanding the true causes of the Depression, as well as the real economic record of the United States in the 1930s, is an essential ingredient in anyone's economic and historical education.
act banking citizens economic emergency enemies intended originally reached time trading united
The Emergency Banking Act reached back in time to amend the Trading with the Enemy Act of 1917, which had originally been intended to criminalize economic intercourse between American citizens and declared enemies of the United States.
aspect beings close expresses human itself matter merely nature persists seek system universal
That human beings seek their own well-being and that of those close to them is not an especially provocative discovery. What is important is that this universal aspect of human nature persists no matter what economic system is in place; it merely expresses itself in different forms.
currently endure form learned lessons state supposedly terms terrible whatever
Discussions of the economy, especially during times of crisis, are often framed in terms of lessons we supposedly learned during the Depression of the 1930s. If we are not to endure terrible times like those again, we are told, we must support whatever form of state intervention is currently being peddled.
among basic cooperation demands enables few great observe peaceful private reason relatively respect sanctity variety
One of the market's virtues, and the reason it enables so much peaceful interaction and cooperation among such a great variety of peoples, is that it demands of its participants only that they observe a relatively few basic principles, among them honesty, the sanctity of contracts, and respect for private property.
capital denounce large mobility occur prosperous protests public trade west
Public protests against globalization - protests that occur by and large in the prosperous West - denounce free trade and the mobility of capital as instruments of exploitation and oppression.
ability brought crippled human market nature worst
Communism brought out the worst in human nature and crippled people's ability or ambition to participate in a market economy.
ability according contribute cost dose greater innovators pay people rewarded rewards testing vastly
The cost of research, development and testing of a new drug is vastly greater than the cost of each dose produced. How should we pay for new medicines? Innovators should be rewarded according to the impact of their medicine, and people should contribute to these rewards according to their ability to pay.
angels entirely purely rational sad surrounded useless
If I were surrounded by angels who were purely rational and had no inclinations at all, I couldn't do anything for them. I couldn't make them happy; I couldn't make them sad, I would be entirely useless as a moral agent.
advantage course cultures deeply devastated economic enormous four historical merely overlook seeing societies tainted terms
By seeing the problem of poverty merely in terms of assistance, we overlook that our enormous economic advantage is deeply tainted by how it accumulated over the course of one historical process that has devastated the societies and cultures of four continents.
apparently care companies complain easy glad industry medicines opportunity people profits provided toward truly
It's easy to complain that pharmaceutical companies place profits over people and apparently care more about hair loss than TB. However, many in the pharmaceutical industry would be glad for the opportunity to reorient their research toward medicines that are truly needed, provided only that such research is financially sustainable.
avoid damage economies health helping huge infection lives medicines nations patients preventing protect save serious unusual
Medicines are unusual commodities. Important drugs can save the lives and protect the health of millions. Their consumption can bring huge benefits, by helping patients to avoid infection and preventing serious damage to the economies of families, nations and even humanity at large.
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The stunning thing about the world as it is, is that we have a tremendously large problem in it: namely, one-third of all human deaths, 80-million every year from poverty-related causes, trivial diseases and so on, and stunningly, nobody is really paying attention to it.
affluent assistance citizens countries discuss distant donations mainly needy tend terms toward
We citizens of the affluent countries tend to discuss our obligations toward the distant needy mainly in terms of donations and transfers, assistance and redistribution: How much of our wealth, if any, should we give away to the hungry abroad?