Jan26th2006

The Assumptions Made By (modern) Liberals - Part I

Economist Arnold Kling has started a new series of essays about the assumptions made by (modern) liberals that he would like liberals to read. His first one is about,

Liberals see the market as an arena in which evil corporations inflict their greed on innocent victims. I wish you would see that motives matter less than consequences. I wish you could see that greed is at work when laws are passed that regulate markets, because regulations always produce winners and losers. I wish you could see that those winners and losers are often not who you think they are. I wish you could see that competitive behavior and free choice are forces that operate in the market as a check against greed. Finally, I wish you could see that greed is most difficult to restrain when it is exercised through the medium of government.

The full article can be found here.

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1 Response to “The Assumptions Made By (modern) Liberals - Part I”


  1. 1 The Emirates Economist Trackback on Jan 30th, 2006 at 7:41 am

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