This too is a thesis that liberal economists are not alone in sustaining. Economics has never even tried to show that a system of personal property regulated and restricted by government intervention can be practicable. When the “socialists of the chair” wished to show this at any price, they started by denying the potential for scientific data in the financial area and in the end ended by declaring that whatever the state does must absolutely be rational. Since science demonstrated the absurdity of the policy that they wished to advocate, they sought to invalidate logic and science. Socialism has gained a substantial advantage from this logical deficiency in the position adopted by the parties of particular interests.
They can’t withstand for a moment the criticism that liberalism makes of their goals. To ensure, the obviousness of those facts has not been able to injury the parties of special interests within … Read More