Economics

The Economics and Ethics of Private Property

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In 1849, at a time when classical liberalism was still the dominant ideological force and “economist” and “socialist” were generally considered antonyms, Gustave de Molinari, a renowned Belgian economist, wrote, If there is one well-established truth in political economy, it is this: That in all cases, of all commodities that serve to provide for the tangible or intangible need of the consumer, it is in the consumer’s best interest that labor and trade remain free, because the freedom of labor and trade have as their necessary and permanent result the maximum reduction of price. And this: That the interest of the consumer of any commodity whatsoever should always
prevail over the interests of the producer. Now, in pursuing these principles, one arrives at this rigorous conclusion: That the production of security should in the interest of consumers of this intangible commodity remain subject to the law of free competition. Whence it follows: That no government should have the right to prevent another government from going into competition.

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Detail Information

Series Title

The Economics and Ethics of Private Property

Call Number

-

Publisher

USA : Ludwig von Mises Institute., 2006

Collation

1-446

Language

English

ISBN/ISSN

10: 0-945466-40-4

Classification

NONE

Content Type

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Media Type

-

Carrier Type

-

Edition

2nd Edition

Subject(s)

Economics

Specific Detail Info

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Statement of Responsibility

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