May 20, 2007
Building Social Capital (Facebook Group)

For all of you Facebook members out there, check out this "Building Social Capital" group that is inspired by Ed Stringham's work on the economics of alcohol consumption.

Posted by Robert Lawson at 10:00 AM

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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