My Interest In Political Philosophy Was Rather

The Heart Of The Liberal Philosophy Is A Belief In The Dignity Of The Individual, In His Freedom To Make The Most Of His Capacities And Opportunities According To His Own Lights.

Rapid Increases In The Quantity Of Money Produce Inflation. Sharp Decreases Produce Depression.

There Is One And Only One Responsibility Of Business: To Use Its Resources And Engage In Activities Designed To Increase Its Profits So Long As It Stays Within The Rules Of The Game.

Unfortunately, Unanimity Is Not Always Feasible.

Adam Smith's Key Insight Was That Both Parties To An Exchange Can Benefit And That, So Long As Cooperation Is Strictly Voluntary, No Exchange Can Take Place Unless Both Parties Do Benefit.