Economics and the Power of Ideas
![Why Economics Matters Seminar](https://cdn.mises.org/styles/responsive_4_3_650w/s3/static-page/img/Why%20Economics%20Matters_20140918.jpg.webp?itok=TLDdoGzF 650w,https://cdn.mises.org/styles/responsive_4_3_870w/s3/static-page/img/Why%20Economics%20Matters_20140918.jpg.webp?itok=C1k4mf3l 870w,/s3/files/styles/responsive_4_3_1090w/s3/static-page/img/Why%20Economics%20Matters_20140918.jpg.webp?itok=qrt2Dl9u 1090w,/s3/files/styles/responsive_4_3_1310w/s3/static-page/img/Why%20Economics%20Matters_20140918.jpg.webp?itok=24HLeMB3 1310w,/s3/files/styles/responsive_4_3_1530w/s3/static-page/img/Why%20Economics%20Matters_20140918.jpg.webp?itok=FhkIzPy2 1530w)
Private property is the only foundational institution that society needs to build a civilization. The 99% had rotten lives until there was a revolution in ideas in the 1700s. Laissez-faire ideas changed the ideas of the 99%. The industrial revolution flowered.
A private seminar presented at the Mises Institute on 21 February 2012.