Hayek and the Evolution of Capitalism by Naomi Beck

Author:Naomi Beck [Beck, Naomi]
Language: eng
Format: epub, pdf
Tags: History, General, Modern, 20th Century, Business & Economics, Economic History, Science, Life Sciences, Evolution
ISBN: 9780226556147
Google: 0ZFaDwAAQBAJ
Publisher: University of Chicago Press
Published: 2018-06-21T00:42:09+00:00

I think that the first member of a small group who exchanged something with an outsider, the first man who pursued his own ends, not approved and decided by the head, or by the common emotions of the group, the first man above all who claimed private property for himself, particularly private property in land, the first man who, instead of giving his surplus product to his neighbors, traded elsewhere—not to speak about the later development with money and money lending, particularly money lending with interest—contributed to the development of an ethic that made the worldwide exchange society possible. (Hayek 1983b, 32–33)

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