Wednesday, June 08, 2005

Abu Zayd Ibn Khaldun, anticipated Arthur Laffer by 600 years :: Cafe Hayek

More: Ibn Khaldun also observes, "As time passes and kings succeed each other, they lose their tribal habits in favor of more civilized ones. Their needs and exigencies grow...owing to the luxury in which they have been brought up."

(Ellipse is Cafe Hayek's.)

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