Economic ideas: David Hume on self-coordinating and correcting market processes

posted by
December 5, 2016
Future of Freedom Foundation
by Richard M Ebeling  
Posted in Commentary

"David Hume emphasized that commerce and trade were among the most important avenues to offer opportunities to raise people's standards of living, and to bring refinement and cultural betterment to a growing portion of a nation’s population. Commerce also served as an important leveler of the material inequality of a society based on political privilege and government-bestowed monopoly. Through trade, a wider variety and quality of goods became available to a growing number of the people in any society, fostering the development of a 'middle class.'" (12/05/16)  

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