Wednesday, September 03, 2008

The Market Process in Action - Art Carden - Mises Institute

Art Carden writes, "Competition in the market economy separates the good ideas from the not-so-good and helps us economize on scarce resources. We cannot predict which technologies will emerge or how problems will be solved, but we can understand the institutional conditions under which this process will emerge."

The Market Process in Action - Art Carden - Mises Institute