Posted by Dave Prychitko Considering both economic theory and the historical record, it is reasonable to believe that if a society tries to abolish the market economy it will find that it abolishes the wealth-generation and long-run growth that only a market system can provide, and, on top of that, it will become more undesirably [...]
Tag Archives: Political Freedom. Austrian School of Economics
Economic Freedom Is A Necessary (But Not Sufficient) Condition For Political Freedom: A Note From My Capitalism, Socialism, & Democracy Course
Posted in Economics 101, Free Markets, Socialism, Tyranny Also tagged Austrian Economist, Dave Prychitko, Economic Freedom, Joseph Schumpeter, Statist, The Economic Way of Thinking 1 Comment
