In the first years of experimentation during Iceland’s early history, its settlers managed to devise an economic and social system that worked, more or less. Granted, that system left most people poor, and from time to time many people starved to death, but at least the society persisted. Other experiments that Icelanders had tried during their history had tended to end disastrously. The evidence of those disasters lay everywhere around them, in the form of the moonscape highlands, the abandoned former farms, and the eroded areas of farms that survived. From all that experience, Icelanders
...more