Quotation of the Day…

by Don Boudreaux on January 22, 2016

in Complexity & Emergence, Growth

… is from page 33 of Richard Stroup’s concise, important, and clear 2003 book, Eco-nomics: What Everyone Should Know About Economics and the Environment:

Change occurs rapidly in a market system because individuals don’t need consensus or majority approval to pursue their ideas, as they would if their ideas had to be adopted by a democratic political process.

This reason is one among many why markets left free are, in reality, far more progressive than are markets controlled or obstructed by the state.

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