THE ECONOMICS OF DELTA’S INVESTMENT SUMMIT

By Dr. Michael Tidi More than two centuries ago, Adam Smith, the father of modern economics, observed in The Wealth of Nations that while markets create wealth, government bears the responsibility of providing the public works and institutions that facilitate commerce. Roads, bridges, ports and other critical infrastructure are not mere public expenditures; they are productive investments that lower the cost of doing business, encourage enterprise and stimulate economic growth. Smith’s timeless proposition remains as relevant today as it was in 1776. Nobel Laureate Douglass North expanded this thinking by…

Read More