"The truth is that capitalism has not only multiplied population figures but at the same time improved the people’s standard of living in an unprecedented way. Neither economic thinking nor historical experience suggest that any other social system could be as beneficial to the masses as capitalism. The results speak for themselves. The market economy needs no apologists and propagandists. It can apply to itself the words of Sir Christopher Wren’s epitaph in St. Paul’s: Si monumentum requires, circumspice." [“If you seek his monument, look around.”]11
Ludwig von Mises, Human Action
Thursday, January 7, 2010
No Apology Necessary
Posted by Ben Asa Rast at 2:21 PM
Labels: Social Theory
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