Economics, as a branch of the more general theory of human action, deals with all human action, i.e., with mans purposive aiming at the attainment of ends chosen, whatever these ends may be.--Ludwig von Mises
Saturday, May 23, 2009
Greg Mankiw on Chrylser and General Motors
Is it any surprise that Chrysler and GM are now in the process of going out of business?... Their bankruptcy should perhaps be viewed as a success of the market system. Greg Mankiw
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