The Moral Foundations of the Modern Social Order
I have taken the title from a line in When Money Fails, by Gary North: Wilhelm Röpke was not the most technically competent free market economist of our time, but he was the most accurate one. He was the one economist in the free market tradition who has forthrightly acknowledged that social theory is broader than economic theory. Economics is a subset of social theory, not the other way around. Röpke spent a great deal of time thinking about the moral foundations of the modern social order. The issue being addressed is economic, the division of labor society: This is … Continue reading →
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