TAILIEUCHUNG - Luận án kinh tế - "Human and action" - Chapter 35

XXXV. THE WELFARE PRINCIPLE VERSUS THE MARKET PRINCIPLE 1. The Case Against the Market Economy objections which the various schools of Sozialpolitik raise against the market economy are based on very bad economics. They repeat again and again all the errors that the economists | XXXV. THE WELFARE PRINCIPLE VERSUS THE MARKET PRINCIPLE 1. The Case Against the Market Economy The objections which the various schools of Sozialpolitik raise against the market economy are based on very bad economics. They repeat again and again all the errors that the economists long ago exploded. They blame the market economy for the consequences of the very anticapitalistic policies which they themselves advocate as necessary and beneficial reforms. They fix on the market economy the responsibility for the inevitable failure and frustration of interventionism. These propagandists must finally admit that the market economy is after all not so bad ad their unorthodox doctrines paint it. It delivers the goods. From day to day it increases the quantity and improves the quality of products. It has brought about unprecedented wealth. But objects the champion of interventionism it is deficient from what he calls the social point of view. It has not wiped out poverty and destitution. It is a system that grants privileges to a minority an upper class of rich people at the expense of the immense majority. It is an unfair system. The principle of welfare must be substituted for that of profits. We may try for the sake of argument to interpret the concept of welfare in such a way that its acceptance by the immense majority of nonascetic people would be probable. The better we succeed in these endeavors the more we deprive the idea of welfare of any concrete meaning and content. It turns into a colorless paraphrase of the fundamental category of human action viz. the urge to remove uneasiness as far as possible. As it is universally recognized that this goal can be more readily and even exclusively attained by social division of labor men cooperate within the framework of societal bonds. Social man as differentiated from autarkic man must necessarily modify his original biological indifference to the wellbeing of people beyond his own family. He must adjust his conduct to .

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