Wednesday, June 13, 2007

Ease up

I not only welcome comments I almost live for them. I think anaonymous rather overdid it with the overlong and formulaic critique of capitalism left on last night's Quote of the Day. Go read it if you like, but I hope anonymous will read Milton Friedman's "Capitalism and Freedom" or Henry Hazlitt's "Economics in One Lesson." Competition may seem wasteful at a surface level (and sometimes really is) but without it we would see little innovation and fewer people lifted out of poverty.

2 comments:

Adam Smith said...

I have not read those two books, but I did read Free to Choose and I would highly recommend it.

Alan Bock said...

"Free to Choose" is excellent and in some ways better than "Capitalism and Freedom" because it is broader in scope. I probably mentioned "Capitalism and Freedom" because it was so pivotal to my own development. By the time "Free to Choose" came out I was already there and had been for quite some time.