Botswana's Remarkable Success Is Due to Markets

This originally appeared in CapX. The original can be found here.  Classical liberalism, as the economist Deirdre McCloskey argued in her trilogy The Bourgeois Era, was chiefly responsible for the Great Enrichment in Western Europe and North America. However its main tenets – including limited government, equality before the law, free trade and fiscal probity – … Continue reading Botswana's Remarkable Success Is Due to Markets