Industrial & Labor Relations Review Econ Iastate Form

Instructions and help about Industrial & Labor Relations Review Econ Iastate

okay so let's pick up where we left off last time so last time we talked about uh sort of the three assumptions of people that were self-interested rational and capable but fallible and today i want to talk about uh sort of the the evolution of of society okay we're going to talk about what characteristics a a successful society has uh and what character and by extension or by uh implication the characteristics that not successful uh societies don't have okay and so uh the the basic one the basic idea is that we can summarize all these things up in in what uh peter betke calls the three p's and the three i's so societies that have the three ps will get the three i's okay so let's go through these just sort of one by one and the first one are what we call property rights okay so property rights are are some notion of of what's mine and what's yours okay so you know this is my watch all right uh this is my pen uh here's my sharpie marker and if i were to keep going you know i have my cel