Δαφνη Ευτυχια Αρθουρος

"As already stated, I am a devoted practitioner of the economic way of thinking. I am also, as anyone can readily infer from this essay, a staunch defender of markets. Nothing in this essay should be interpreted as a call to replace either one. I would prefer that we learn to celebrate their strengths. I ask only that we do so with a clear consciousness of their limitations. Market systems and the economic way of thinking are necessary but not sufficient conditions for the nurture of a free, prosperous, and just society.

We must also learn to nurture social institutions about which economics can say relatively little that is interesting or important, face-to-face institutions as distinct from the largely impersonal institutions that respond to monetary signals. These are often the very same institutions that the market system tends over time to displace: the family, the church, and the neighborhood."

-- Paul Heyne, Ph.D., author of The Economic Way of Thinking, in "Limitations of the Economic Way of Thinking", Religion & Liberty, July and August 1998 (Volume 8, Number 4) Emphasis added to pull out the "sound bite" portion of the quotation.