Myth: Markets promote greed and selfishness
When thinking about the difference between government action and action taken by free people trading freely in markets, many myths abound. Tom G. Palmer has written an important paper that confronts these myths about markets. The second myth -- Markets Promote Greed and Selfishness -- and Palmer's refutation is below. The complete series of myths and responses is at Twenty Myths about Markets. Palmer is editor of the recent books for Students for Liberty: The Morality of Capitalism, After the Welfare State, Why Liberty, and Peace, Love & Liberty. Myth: Markets promote greed and selfishness Myth: People in markets are…