Quotation of the Day…

by Don Boudreaux on November 24, 2011

in Civil Society, Complexity & Emergence, Myths and Fallacies

… is from Ludwig von Mises‘s 1958 essay “Economic Freedom in the Present-Day World,” reprinted as Chapter 47 in the Bettina Bien Greaves edited volume Economic Freedom and Interventionism:

Earlier ages had labored under the misapprehension that no man or group of men can profit but by the loss of others.  In entirely demolishing this fallacy, 18th-century social philosophy and economics paved the way for the unprecedented achievements of modern Western civilization.


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