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Carl Menger

Forced to Choose: Capitalism as Existentialism

by Corey Robin on October 18, 2012

I’ve been reading and writing all morning about Hayek, Mises, and Menger. And it occurs to me: the moral secret of capitalism, its existential fundament, is not that we are free to choose but that we are forced to choose. Only when we are confronted with the reality of scarcity, says the Austrian economist, only when we have to reckon with the finite resources at our disposal, are we brought face to face with ourselves.

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