Terence Kealey

The dream of a planned, fair, moral, ethical, cash-free society remains strong, particularly among socialists and liberals. It clearly represents a fundamental human instinct. But feudalism just did not work very well, if only because powerful people will not always obey moral imperatives.

In my experience, economists rarely believe passionately in, or care passionately for, the free market. They are generally more concerned to reveal the market's imperfections, to further their own professional importance.