How the Free Market Works
"Without the historical act of saving, which is now embodied in capital goods, there would be no economy at all."
Philosophy and Methodology
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Healthcare and Insurance on a Desert Island
"Some illnesses are not insurable without destroying the insurance system."
Risk, Uncertainty, and Economic Organization
"There is no market for the judgment that entrepreneurs rely on, and therefore exercising judgment requires the person with judgment to start a firm."
XXXV. The Welfare Principle versus the Market Principle (continued)
Pages 836-850. Narrated by Jeff Riggenbach.
