Thursday, July 26, 2012
The market economy must find its place in a higher order of things which is not ruled by supply and demand, free prices, and competition. It must be firmly contained within an all-embracing order of society in which the imperfections and harshness of economic freedom are corrected by law and in which man is not denied conditions of life appropriate to his nature. Wilhelm Roepke, the great free-market economist, quoted here.

Notes

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