"The forces of the market are just that: They are forces; they are like the wind and the tides; they are things that if you want to try to ignore them, you ignore them at your peril, and ... if you find a way of ordering your life that is compatible with these forces, indeed which harnesses these forces to the benefit of your society, that's the way to go." -- Arnold Harberger, University of Chicago Economist
Saturday, June 6, 2009
From Marxism to the Market - Thomas Sowell
Thomas Sowell was at one time a committed Marxist. Over the past 40 years his views have changed dramatically. What caused the change? In this article he explains why he went from being a Marxist to being an aggressive proponent of free market capitalism.