FormerContributor-78162cb3: rothbard

2012-07-14T13:22:10Z

rothbard

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	A '''free good''' is a good that is so readily available that it does not have to be economized. The concept is controversial. [[Murray Rothbard]] stated, "The common distinction between 'economic goods' and 'free goods' (such as air) is erroneous. As explained above, air is not a means, but a general condition of human welfare, and is not the object of action." According to Rothbard, general conditions are those elements of a person's environment "which he believes he cannot control and must leave unchanged".<ref>{{cite book\|title=Man, Economy, and State\|url=http://mises.org/rothbard/mes/chap1a.asp\|chapter=Fundamentals of Human Action}}</ref> [[Ludwig von Mises]] agreed with this assessment, although with reference to the knowledge needed to convert resources into goods ready to consume, he states, "Such recipes are as a rule free goods as their ability to produce definite effects is unlimited. They can become economic goods only if they are monopolized and their use is restricted."<ref>{{cite book\|title=Human Action\|author=von Mises, Ludwig\|chapter=Prices}}</ref>		A '''free good''' is a good that is so readily available that it does not have to be economized. The concept is controversial. [[Murray Rothbard]] stated, "The common distinction between 'economic goods' and 'free goods' (such as air) is erroneous. As explained above, air is not a means, but a general condition of human welfare, and is not the object of action." According to Rothbard, general conditions are those elements of a person's environment "which he believes he cannot control and must leave unchanged".<ref>{{cite book\|author=Rothbard, Murray\|title=Man, Economy, and State\|url=http://mises.org/rothbard/mes/chap1a.asp\|chapter=Fundamentals of Human Action}}</ref> [[Ludwig von Mises]] agreed with this assessment, although with reference to the knowledge needed to convert resources into goods ready to consume, he states, "Such recipes are as a rule free goods as their ability to produce definite effects is unlimited. They can become economic goods only if they are monopolized and their use is restricted."<ref>{{cite book\|title=Human Action\|author=von Mises, Ludwig\|chapter=Prices}}</ref>

	==References==		==References==

FormerContributor-78162cb3: Created page with "A '''free good''' is a good that is so readily available that it does not have to be economized. The concept is controversial. Murray Rothbard stated, "The common distinct..."

2012-07-14T13:21:26Z

Created page with "A '''free good''' is a good that is so readily available that it does not have to be economized. The concept is controversial. Murray Rothbard stated, "The common distinct..."

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A '''free good''' is a good that is so readily available that it does not have to be economized. The concept is controversial. [[Murray Rothbard]] stated, "The common distinction between 'economic goods' and 'free goods' (such as air) is erroneous. As explained above, air is not a means, but a general condition of human welfare, and is not the object of action." According to Rothbard, general conditions are those elements of a person's environment "which he believes he cannot control and must leave unchanged".<ref>{{cite book|title=Man, Economy, and State|url=http://mises.org/rothbard/mes/chap1a.asp|chapter=Fundamentals of Human Action}}</ref> [[Ludwig von Mises]] agreed with this assessment, although with reference to the knowledge needed to convert resources into goods ready to consume, he states, "Such recipes are as a rule free goods as their ability to produce definite effects is unlimited. They can become economic goods only if they are monopolized and their use is restricted."<ref>{{cite book|title=Human Action|author=von Mises, Ludwig|chapter=Prices}}</ref>

==References==
{{reflist}}

[[Category:Economic concepts]]

Free good - Revision history

FormerContributor-78162cb3: rothbard

FormerContributor-78162cb3: Created page with "A '''free good''' is a good that is so readily available that it does not have to be economized. The concept is controversial. Murray Rothbard stated, "The common distinct..."