The Entrepreneur

Today, as always, the general citizenry needs to understand economic principles and to recognize economic fallacies.

It happens in every single economic exchange that is undertaken by virtue of human choice. Both sides benefit.

"The government can talk about entrepreneurship and act like it is promoting it, but all of what government does by taxing and regulating impedes the entrepreneur."

If you behave as a sovereign individual in your personal relationships, you will be contributing to your happiness and also to the transmission of the concept of individual sovereignty. That chain of good, I am certain, will abolish the chains of evil.

The garbage situation in Cairo is a classic example of government imposing a supposedly rational and modern solution that fits the needs of the people in charge but doesn't fit the needs of people. The end result is a spectacular failure.

"I contend that Professor King is a utilitarian rather than a natural-rights theorist."

"There is no contradiction between doing good and doing well."

The world is the product not of justice or of beneficent design, but of human limitations. Out of ignorance, and in the chaos of conflict, the world is built and rebuilt.

Although I have tried in this article to show how discussions of competition may be prevented from being misleading, it may often be best to emphasize instead the cooperation of the market, for this is the more fundamental feature of a capitalist order, and this is what competition on the free market promotes.