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Free Economy and Social Order

Mises | Thu, 09/24/2009 - 10:33am | economic theory, free market society, market order, Mises analysis, social order |  1 comment

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Most of us, and all of us most of the time, deal with the market economy as a definite type of economic order, a sort of "economic technique" as opposed to the socialist "technique."... But there is a great danger of overlooking an important fact: the market economy as an economic order must be correlated to a certain structure of society, and to a definite mental climate which is appropriate to it.
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