Tuesday, June 23, 2009

Cooperation and Free Markets

While researching the relationship between this resolution and economics, I stumbled across a very well written article by Jeff Tucker at the Ludwig von Mises Institute. His premise is about how free markets engender cooperation. It's very interesting, since most people automatically assume that competition is at the heart of free market economics. Definitely a worthwhile twist to check into.

"Cooperation: How a Free Market Benefits Everyone"

If you're having trouble grasping the concepts that Tucker explains here (comparative advantage, division of labor, etc.), check out Leonard Read's brilliant essay, "I, Pencil." It advocates the exact same ideas that Tucker advocates, but from a rather interesting perspective. ;)

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