Bonus Quotation of the Day…

by Don Boudreaux on September 9, 2019

in Competition, Doux Commerce, Inequality

… is from page 125 of my colleagues Virgil Storr’s and Ginny Choi’s just-published book, Do Markets Corrupt Our Morals? (original emphasis):

Competition [in markets] ensures that only those who serve others can maintain and accumulate wealth. Stated another way, the more competitive the market, the more becoming and staying wealthy depend on discovering what consumers (including poor consumers) want…. Markets, thus, offer less protection of the rich’s wealth than nonmarket contexts and disproportionately help individuals and countries that are poor.

Comments

Add a Comment    Share Share    Print    Email

Previous post:

Next post: