If all action is purposeful action, then the essential difference between a laissez-faire economic system and any other economic system comes down to the way individual human actions are viewed. The essence of free market theory is that individuals should generally be left to themselves to determine and pursue their own goals. The market in principle honors Phil. 2:12: “Work out your own salvation with fear and trembling.”
- Ian Hodge, Baptized Inflation: A Critique of “Christian” Keynesianism 51 (1986), at www.garynorth/freebooks.com: HTML, DjVu.
8.25.2008
2008-08-25T23:31:00-04:00
Mike W.
Economic Regulation|