The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2001 was awarded jointly to George A. Akerlof, A. Michael Spence and Joseph E. Stiglitz "for their analyses of markets with asymmetric information"
Today, those who defend free markets and capitalism often do so solely on managerial or technical grounds, but economic liberty needs a moral defense as well. Defense of economic liberty without reference to morality will ultimately prove injurious to liberty itself. Rightly understood, capitalism is simply the name for the economic component of the natural order of liberty. It means expansive ownership of property, fair and equal rules for all, economic security through prosperity, strict adherence to the boundaries of ownership, opportunity for charity, wise resource use, creativity, growth, development, prosperity, abundance. Most of all, it means the economic application of the principle that every human person has dignity and should have that dignity respected.
Postponed since 2020 due to Covid-19, Thailand Biennale had a grandiose opening last December in Pak Chong and Phimai in Nakhon Ratchasima. Held under the themes of "Butterflies Frolicking On The Mud: Engendering Sensible Capital", "Nature Reigns Supreme In The World. Art Is Having Freedom In One Self" and "Soeng Sin Thin Ya Mo" (Celebration Of Art In The Land Of Ya Mo), the Office of Contemporary Art and Culture (OCAC), Ministry of Culture and Nakhon Ratchasima (Korat) co-hosted the events with a budget of over 120 million baht.
At Thailand Biennale, Uneven Connections Abound ocula.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ocula.com Daily Mail and Mail on Sunday newspapers.