Saturday, August 8, 2009

The Harmony of Interests in Practice

This is what markets are all about at the end of the day: the harmonization of the self-interest of actors via decentralized coordination. That harmonization allows us to live in peaceful cooperation and extend the benefits of Mises' Law of Association to more and more of humanity. A computer calling me to remind me to refill my prescription might seem like a little thing in the broader scope of human accomplishment, but it symbolizes the real processes that have made possible the levels of peace and prosperity that we have.

http://austrianeconomists.typepad.com/weblog/2009/07/the-harmony-of-interests-in-practice.html

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