Tag Archives: self interest

Why the free market is successful

By Arthur Middleton Hughes The price system is just one of those formations which man has learned to use…after he had stumbled upon it without understanding it. Through it, not only a division of labor, but also a coordinated utilization … Continue reading

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Is Economics a Science?

Economics is not an experimental science like chemistry or physics. In these disciplines, a theory can be tested by repeating an experiment over and over again, keeping all other factors constant. If the scientist’s theory is correct, he always gets … Continue reading

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