A Hohenzollern, Frederick William

Frederick William, a ruler from the Hohenzollern family, inherited Brandenburg and Prussia and was given the name, “The Great Elector.”  He ruled this territory from the years 1640 to 1688. Frederick William established the first standing army (a large one too) to protect his lands even if they weren’t in war.  To have a large … More A Hohenzollern, Frederick William

Public Goods and the Standard of Living

  Public goods are goods that once they are made they can be used by the public at no additional cost (besides occasional maintenance and upkeep), such as: lighthouses, highways, and recreational parks. Often times public goods become confused with private goods. Take, for example, the landscaping and exterior of your house. People who go … More Public Goods and the Standard of Living