Hence the great irony: Hayek, one of the greatest champions of individual liberty and economic freedom the world has ever known, believed that knowledge was communal. Dewey, the champion of socialism and collectivism, believed that knowledge was individual. Hayek's is a philosophy that treats individuals as the best judges of their own self-interests, which in turn yield staggering communal cooperation. Dewey's was the philosophy of a giant, Monty Pythonesque crowd shouting on cue: "We're All Individuals!

Jonah Goldberg

Tag: politics knowledge philosophy socialism free-markets

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Free markets and capitalism are predicated upon the definition of greed as altruistic in economics".

~R. Alan Woods [2012]

R. Alan Woods

Tag: capitalism altruism free-enterprise free-markets r-alan-woods greed-good

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These people live in many lands, speak different languages, practice different religions, may even hate one another- yet none of these differences prevented them from cooperating to produce a pencil. How did it happen? Adam Smith gave us the answer two hundred years ago.

Milton Friedman

Tag: capitalism invisible-hand free-markets voluntary-exchange

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