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"The inheritance of property is an important factor in maintaining family unity and in providing incentives for accumulation."
menu_book Capitalism and Freedom
View Full QuoteView Full Quote"Remove the family motive, the prospect of passing one's enterprise to one's heirs, and you undermine the economy. You do not destroy it entirely, but you handicap it."
"Man arrives on earth as a beggar, and as a beggar he leaves it. He receives all initial endowments from others. Eventually, he bequeaths to others whatever he may have accumulated over many years. Gifts at the beginning, gifts at the end."
menu_book Abundance, Generosity, and the State
View Full QuoteView Full Quote"The greater the income, the greater the gifts. In a flourishing economy, gifts of time and money tend to grow faster than the rest of the economy."
"Modern government is a black hole for gratuitous goods. It does not operate gratuitously, but in all its activities is deeply interested in its own survival and flourishing. The main beneficiaries of the state are its own servants, especially its bureaucratic and political leadership, whereas it systematically destroys the true sources of gratuitous goods: families, friendship, private associations, businesses, and the market process."
menu_book Abundance, Generosity, and the State
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Abundance, Generosity, and the State
An Austrian economics analysis of generosity and giving, arguing that free markets foster genuine charity through wealth creation, while state redi...
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