Quotation of the Day…

Tweet

… is from page 47 of philosopher Christopher Freiman’s excellent contribution, titled “Utilitarianism,” to the 2016 collection edited by Aaron Ross Powell and Grant Babcock, Arguments for Liberty [original emphasis]:

The great virtue of the market, from a utilitarian perspective, is that it leads us to promote the happiness of others without demanding that we prioritize their happiness or even know how to make them happy. No institution is perfect, but the market does the best job of extracting social benefits from people’s limited supply of impartiality and information.