Tag: externality
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Self-Interest and Benevolence: Partners, not Antonyms (Part 6)
[Link to Part 5] Co-creators and Partners in Our Own Provision Over the last five posts, I've made the case that economic freedom has generated unprecedented abundance. People acting on what they believe to be in their best interests bid for goods and services, and people acting on their perceived best interest freely choose to…
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Self-Interest and Benevolence: Partners, not Antonyms (Part 5)
[Link to Part 4] The Indispensable Role of Government Modern market economies create an incredible abundance due to dynamic information interchange. People have the freedom to bid for goods and services based on their wants and needs, and people have the freedom to organize resources to meet the needs of others. Vast numbers of free…