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<br>V. Invisible Hand

<br>V. Invisible Hand

<br>VI. Charity

<br>VI. Charity

<br>VII.  “I, Pencil” By Leonard E. Read

<br>VII.  “I, Pencil” By [[Leonard E. Read]]

<br>VIII. Assignment

<br>VIII. Assignment

The colony of Georgia was subsidized by the British Parliament but was essentially charitable in nature.  General James Oglethorpe established it as a haven for impoverished Brits languishing in debtors' prison.  It was, in a sense, an antithesis to a capitalistic venture, featuring nothing but those who failed in the free market.  It barred liquor and slavery, reflecting its idealism.

The colony of Georgia was subsidized by the British Parliament but was essentially charitable in nature.  General James Oglethorpe established it as a haven for impoverished Brits languishing in debtors' prison.  It was, in a sense, an antithesis to a capitalistic venture, featuring nothing but those who failed in the free market.  It barred liquor and slavery, reflecting its idealism.

Over 150 years ago, Alexis de Tocqueville observed that “despotism may govern without faith, but liberty cannot. ...  How is it possible that society should escape destruction if the moral tie is not strengthened in proportion as the political tie is relaxed?”  Perhaps charity is the economic manifestation of that “moral tie,” upon which economic liberty and free enterprise rely.

Over 150 years ago, [[Alexis de Tocqueville]] observed that “despotism may govern without faith, but liberty cannot. ...  How is it possible that society should escape destruction if the moral tie is not strengthened in proportion as the political tie is relaxed?”  Perhaps charity is the economic manifestation of that “moral tie,” upon which economic liberty and free enterprise rely.

We will be discussing charity at several points during the course.

We will be discussing charity at several points during the course.

<br>VII.  “I, Pencil” By Leonard E. Read  

<br>VII.  “I, Pencil” By [[Leonard E. Read]]

<br>See http://www.fee.org/publications/the-freeman/article.asp?aid=3308

<br>See http://www.fee.org/publications/the-freeman/article.asp?aid=3308

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