Wednesday, October 6, 2021

The Economic Means Versus The Political Means


The great German sociologist Franz Oppenheimer (1864-1943) wrote in his masterpiece "The State" that there exists only two principal ways of acquiring wealth. The first way is to engage in production and to exchange that good for the product of another producer in a mutually beneficial trade. This is the way of production and exchange: The way of the free market. Oppenheimer called this method the "economic means" of obtaining wealth.