BRYAN CAPLAN
May 7, 2013
Keynesian Bets: What's Out There
May 6, 2013
Keynesian Bets Bleg
May 6, 2013
The Pyramid of Macroeconomic Insight and Virtue
May 2, 2013
A Natalist Provision
May 1, 2013
I Was a Teenage Misanthrope
DAVID HENDERSON
May 5, 2013
John Thacker on Vaccinations and the Sequester
May 3, 2013
Chef Rudy's Virtues Project
May 2, 2013
My take on Reinhart and Rogoff
May 1, 2013
Medicare Kills a Program


Here's another possibly related thing, which sometimes troubles me.
Observers on the ground in, say, Africa, report that the social dynamics w.r.t. wealth are different. In particular, that if someone gets money, they will be instantly obligated to give all or most of it to relatives.
If there is no dynamic of "keeping something for oneself" how can there be savings? If there are no savings, how can the ratio of capital to labor ever rise?
[But of course, we must not be deluded into thinking any small set of principles can explain why some states fail or are poor.]
Thank you for this - to both Arnold and Don.
I just downloaded Capital and its Structure (Ludwig Lachmann) and am well into it.