Business is moral because our lives and well-being depend on it, and businesspeople are heroes and moral creators who deserve, not our disdain and criticism, but our thanks.
An excerpt from the introduction of Money, Banking, and the Business Cycle.
By appeasing the protestors, the first moral principles the Sainsbury’s manager conceded was the right to liberty.
To argue that foreign takeovers of Canadian companies are of “no net benefit” is nonsensical.
An employer is not hiring people in order to acquire dependents and become their meal ticket. He is hiring them for what they produce.
If we want to enjoy lower prices and better quality products and services, whether in air travel, cell phone service, health care, or anything else, the solution is to stop the government from trying to manage markets and to make them free instead, thus increasing competition.
Free market benefits aren’t only measured in dollars and cents.
It is the government efforts to “moderate” capitalism and to make markets “fair” that create the unfairness they claim to alleviate.
Capitalism creates through freedom; the state destroys via regulation; capitalism gets the blame.
You can always keep anything old, clunky and inefficient still in business, if you are willing to pour unlimited amounts of the taxpayers’ money down a bottomless pit.
A tired old recipe for global communism in 21st century pseudo-academic clothing.
Nobel Prize-winning economist Gary Becker was internationally renowned within the economics profession, but was not nearly as well known among the general public as he deserved to be.