The Institute simply states that a more fruitful explanation can be found in the historical analysis of Thomas Sowell, Francis Fukuyama and Jerad Diamond. In proposing a sound remedial program, however, its program draws on the work of the Nobel Laureates Milton Friedman, Gary Becker and Douglas North the true New Right. Lower the cost of economic transactions.
Society needs a common set of values that encourages the efficient exchange of goods and services.
Invest in human capital. The adverse impact of the sweetheart culture, absentee dads and the ineffectiveness of the public school system are evident as is the importance of family, honesty, hard work and education. This is the challenge presented by the New Right to the Old Left. The Institute for Economic Freedom, all rights reserved.