Mises Wire
Author:
David Gordon
Online Publish Date:
and “Let People Build a Just Society on Their Own—and Reform Flawed Public Policies.” Several of the contributors devote attention to Friedrich Hayek’s they undermine universal morality, and therefore we must accept the idea that a policy aimed at reducing inequalities is immoral in principle. In a it has been well known at least since Joseph Schumpeter that entrepreneurial innovation and technological development throw off tremendous positive externalities,