Toda acción humana proviene de los juicios de valor de los individuos. La economía, entendida correctamente, nunca fue tan tonta como para creer que todo lo que buscan las personas son los ingresos más altos y los precios más bajos.
All human action stems from the value judgments of individuals. Economics, properly understood, was never so foolish as to believe that all that people are after is higher incomes and lower prices.
J. B. Say y la Escuela liberal francesa absorbieron un método de enfoque que fue, al menos implícitamente, subjetivista e individualista. Y aquí radica la razón para el desprecio de la Escuela liberal por parte de muchos críticos modernos.
J.B. Say and the French Liberal School absorbed a method of approach that was, implicitly at least, subjectivist and individualist. And herein lies the reason for many modern critics' disparagement of the Liberal School.
The Scholastics were constrained in their development of economics by considerations of deference to authority and by the relatively slow development of the external economic conditions upon which to reflect.
The liberal revolutions that paved the way for the industrial revolution were hallmarks of great progress against the state. As Lord Acton noted, a continuation of this revolutionary spirit is our best hope against the state.
«El poder de emitir dinero fue esencial para la financiación del Estado... para que el Estado pueda acceder al grifo donde puede sacar el dinero que necesita creándolo».
"The power to issue money was essential for the finance of the government … in order to give to government access to the tap where it can draw the money it needs by manufacturing it."
Los auténticos liberales alemanes han caído en la oscuridad total. Hoy, las figuras que se celebran como liberales alemanes de principios del siglo XX son hombres que, de hecho, fueron colectivistas y precursores del estado totalitario.
The authentic German liberals have fallen into total obscurity. Today, the figures who are celebrated as early-twentieth century German liberals are men who were, in fact, collectivists and forerunners of the totalitarian state.
