The Principle of Individual Rights in Economic Decision Making from "summary" of Economics in One Lesson by Henry Hazlitt
The principle of individual rights in economic decision making is a fundamental concept that must guide our thinking when considering economic policies. This principle recognizes the importance of respecting the rights of individuals to make their own choices and decisions regarding their economic affairs. When we talk about individual rights in economic decision making, we are referring to the idea that individuals have the right to decide how to use their resources, what goods and services to buy, and how to allocate their income. This principle emphasizes the importance of personal freedom and autonomy in economic matters. Respecting individual rights in economic decision making means that we must not infringe on people's ability to make choices that they believe are in their best interest. This includes allowing indi...
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The Principle of Individual Rights in Economic Decision Making
The principle of individual rights in economic decision making is a fundamental concept that must guide our thinking when consi...