Complex Structures Created through Voluntary Exchange

The economy is the product of the voluntary exchange of goods and services.

A language is the product of the voluntary exchange of ideas and information.

A scientific discipline is the product of the voluntary exchange of ideas and empirical data.

A musical style is the product of the voluntary exchange of notes and sounds and ideas.

The economy, languages, scientific disciplines, musical styles, social conventions and values, and culture are complex structures that all developed in the same way, through voluntary exchange, spontaneous cooperation, trail and error, acceptance and rejection.

These examples suggest the wide scope and fundamental nature of “voluntary exchange”.

— extracted from Free to Choose by Milton Friedman

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: