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Wisconsin Economic Summits have given a hand to states progress

MADISON In his often-quoted book, An Inquiry Into the Nature and Causes of The Wealth of Nations, Adam Smith laid down an economic theory that was the 18th century equivalent of todays (sanitized) bumper sticker: Stuff happens.

Every individual necessarily labors to render the annual revenue of the society as great as he can, capitalist Smith wrote in 1776. He generally neither intends t......

Full article >>> Wisconsin economy exists. The economy in Racine-Kenosha has no relation to the economy in Superior-Duluth, for example, or even the economy in the Fox Valley. But regional economies operate in 14 distinct areas of Wisconsin, and people within them are learning to work together.

The summit emphasis on naturally functioning regions has accelerated independent, regional economic development......

Full article >>> cusing citizen attention on economic development; thousands of layoffs and business failures did that. But the summits have contributed to the public perception that a plan is coming together.

The times helped a lot, but these summits got economic development on everybodys radar screen, Wegner said.

Adam Smith was right an invisible hand guides much of what happens in the econom......

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'"/> By Tom Still 10/11/03

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