Thursday, June 30, 2011

The Miracle of the Market

The Freeman's Jim Fedako takes on the popular "belief that the market is a zero-sum game," explaining in simple terms how "the market, and the desire of entrepreneurs to turn a profit, show free exchange to be mutually beneficial, even when individual interests are at apparent odds" — Cheering on My Rival.

Henry George put it this way, "Both the jayhawk and the man eat chickens; but the more jayhawks, the fewer chickens, while the more men, the more chickens," quoted here by Jim Davies — Malthus' Mistakes.


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