The Entrepreneur

"I contend that Professor King is a utilitarian rather than a natural-rights theorist."

"There is no contradiction between doing good and doing well."

The world is the product not of justice or of beneficent design, but of human limitations. Out of ignorance, and in the chaos of conflict, the world is built and rebuilt.

But the centrality of the knowledge-corrective character of the market process for both Mises and Hayek cannot seriously be doubted. Whatever the differences between a Hayekian articulation of the market process and a Misesian articulation, the centrality of the notion of the corrective process for both, is the crucially important circumstance.

Although I have tried in this article to show how discussions of competition may be prevented from being misleading, it may often be best to emphasize instead the cooperation of the market, for this is the more fundamental feature of a capitalist order, and this is what competition on the free market promotes.

It is just a bit strange that companies would be, on the one hand, attacked for not providing enough in wages and, on the other, required to not provide any wages.

We've all encountered the rival theories Hunt is talking about here — the thinkers like Max Weber, who believed that the rise of liberalism was caused by the Puritan work ethic, the thinkers who believe that the rise of liberalism was made inevitable by Christian ideas about the individual soul, and so forth.When you're attempting to explain market processes, whether in the marketplace for goods and services or the marketplace of ideas, it's never that simple.

Since states are created and directed by the boundaries of what people will accept as proper, since they exist only in the vacuum created by the public’s tolerance for aggression, the only lasting way to change the state is to persuade the public to rethink the program.

 By the time the politicians are in charge, most of the eggheads will be in jail or in flight to Canada or Mexico.

"Every tyranny must necessarily be grounded upon general popular acceptance."