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Thought To Ponder

There is no reason to believe that bureaucrats and politicians, no matter how well meaning, are better at solving problems than the people on the spot, who have the strongest incentive to get the solution right.
John Stossel on Elinor Ostrom (Nobel Prize Winner)

  
Mission

The Nassau Institute is an independent, a-political, non-profit institute that promotes economic growth in a free market economy with limited government, in a society that embraces the rule of law and the right to private property.

Vision

To see The Bahamas become the first small, developed, sovereign country in the region, recognized as a model for the world.

Weekly Focus
• Gordon Tullock: Economist Who Explained Why Government Corruptly Grows
Richard Ebeling, Ph.,D.
Executive Summary: "Gordon Tullock, one of the leading developers of Public Choice theory -- the application of the logic of economics for understanding the workings of the political process -- passed away on November 3, 2014 at the age of 92. "Tullock's own writings and those with his collaborator the late, James Buchanan, have been path-breaking in demonstrating why and how it is that government seems to keep growing in size and scope in democratic societies. "An especially valuable contribution of Gordon Tullock's was the idea of "rent-seeking" -- the pursuit of profits through the political process rather than in the open, free, and competitive market. [read more]
Hot Topics
• The Review of The Nassau Institute. Corruption & Ethics
The Nassau Institute
From 1995 to 2003 the Institute, under the direction President Joan Thompson and over our former names (The Foundation of Economic Freedom and The Institute for Economic Freedom) published a little booklet called The Review. A total of 20 were published, the last two were over the name of The Nassau Institute. They were edited by then Vice President Ralph Massey, and with few exceptions, they have stood the test of time quite well. One of the booklets that is quite topical at the moment is issue No: 1 from 2000, entitled Corruption and Ethics. You can download a pdf here… Articles like, Corruption and the Rule of Law, Exploding the Myth of Corruption, Christianity and Markets, The Character Issue in Politics and more are bound to pique your interest. Click here… to read all twenty booklets. [read more]
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