Monday , June 21 2021
Home / Don Boudreaux /Quotation of the Day…

Quotation of the Day…

Summary:
… is from page 185 of University of Notre Dame philosopher James Otteson’s superb 2021 book, Seven Deadly Economic Sins: Cooperative behavior in market economies may be driven by self-interest, but it is not selfish in the sense of disregarding others’ interests. Indeed, the only way that exchanges can be successfully executed in a market economy is with the cooperation of willing others. Thus, market economies are as much cooperative as they are self-interested. Comments

Topics:
Don Boudreaux considers the following as important: ,

This could be interesting, too:

Don Boudreaux writes Quotation of the Day…

Don Boudreaux writes Some Covid Links

Don Boudreaux writes My Tribute to the Late, Great Walter Williams

Don Boudreaux writes Some Covid Links

… is from page 185 of University of Notre Dame philosopher James Otteson’s superb 2021 book, Seven Deadly Economic Sins:

Quotation of the Day…Cooperative behavior in market economies may be driven by self-interest, but it is not selfish in the sense of disregarding others’ interests. Indeed, the only way that exchanges can be successfully executed in a market economy is with the cooperation of willing others. Thus, market economies are as much cooperative as they are self-interested.

Comments

Don Boudreaux
He is a professor of economics at George Mason University in Fairfax, Virginia. Previously, he was president of the Foundation for Economic Education.

Leave a Reply

Your email address will not be published. Required fields are marked *