“Competition both contributes to, and relies upon, the modern economy’s enormous and largely unseen complexity. The modern economy can well be described as ever-increasing complexity in the service of ever-more simplicity.” ~ Donald J. Boudreaux
“Compared to the lives of our pre-industrial ancestors – and, in fact, compared even to the lives of our literal grandparents – each of our lives today is simple beyond the imagination of those who lived a few generations or more ago.” ~ Donald J. Boudreaux
“A dedicated teacher and tireless defender of classical-liberal values, Walter’s vast body of work will not only continue to inspire those of us already in the liberal camp, but also to challenge those who as yet aren’t.” ~ Donald J. Boudreaux
“Adjustments of money prices are the easiest and most obvious way of causing each other to overlook goods’ and services’ non-monetary aspects that would otherwise reduce the amount of mutually advantageous exchange that occurs.” ~ Donald J. Boudreaux
“Antitrust stymies the competitive process. It does so by substituting the meager knowledge and imaginations of economists, lawyers, courts, bureaucrats, and politicians for the actual, creative head-to-head competition that occurs within markets.” ~ Donald J. Boudreaux
“Smithian economists make their livings by exposing the many economic fallacies embraced by the man-in-the-street and peddled by vote-hungry politicians and click-crazy pundits. These economists will never want for work.” ~ Donald J. Boudreaux
“There are two kinds of order in society. It’s time we stopped glorifying and overestimating one, and ignoring the reality, or discounting the marvels, of the other.” ~ Donald J. Boudreaux
“In ‘Kinds of Order in Society,’ Hayek identified two categorically different kinds of orders – ‘spontaneous orders’ and ‘organizations’ – that are both common and useful to humans.” ~ Donald J. Boudreaux