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Markets Are About Much More Than Material Goods

May 1, 2014 in Economics

By Mises Updates

Rodin's The Thinker 0848

Gary Galles writes in today’s Mises Daily: 

Murray Rothbard once noted that “One of the most common charges leveled against the free market is that it reflects and encourages unbridled ‘selfish materialism’ … it distracts man from higher ideals. It leads man away from spiritual or intellectual values.” But that allegation is far from true.

However, freedom does advance the potential for greater achievement of those ends, by offering individuals the most effective means of removing scarcity’s impediments.

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