Mises Wire
Author:
Richard M. Ebeling
Online Publish Date:
furthers the public interest through the incentive mechanism of free-market competition; but in fact few economists nowadays have actually read more than a of government central planning. They have made the economic reasoning and public-policy analysis that runs through most of Human Action as timely today as when its “It is the compass of the man embarking on production.” The significance of the competitive process, as Mises had expressed it in his earlier volume Liberalism