Mises, Hayek, and Buchanan were onto something important. In the popular mind, economics is a cold, detached study of the Economy, almost as though it were a machine that acts on society. In contrast, the catallaxy is where people who disagree about the value of things peacefully exchange goods and services in a never-ending cooperative effort to improve their lives. It is indeed a community where enemies may be changed into friends.
". . . for almost a century the basic principles on which this civilization was built have been falling into increasing disregard and oblivion." -- Hayek
Friday, February 01, 2013
Enemies Into Friends
SHELDON RICHMAN:
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