May 1, 1995

Morality as Cooperation

  • Peter J. Boettke

    Director, F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics
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The market economy can teach its participants many lessons, the lesson learned however is dependent on the political/legal/social infrastructure within which the market is embedded. The contractual society of the liberal order transforms markets into vehicles for growth and prosperity and cooperation. In doing so, the great eighteenth century discovery by political economists of the complementary values of liberty, prosperity and peace is affirmed once again.

Read the article at the Acton Institute.