Without this social order, any appearance of a free market is actually an artificial device. It is not a real free market, but a highly centralized machinery created by the state.
Here are Röpke's few of the basic requirements for economic progress: independence, responsible planning, thriftiness, a sense of workmanship, and the courage to brave the uncertainties of life.
2/ #blacklions
Röpke talks about the necessity of an intellectual atmosphere and social order friendly to economic activity for the free market to thrive.
3/ #blacklions
Without this social order, any appearance of a free market is actually an artificial device. It is not a real free market, but a highly centralized machinery created by the state.
4/ #blacklions
Here are Röpke's few of the basic requirements for economic progress: independence, responsible planning, thriftiness, a sense of workmanship, and the courage to brave the uncertainties of life.
5/ #blacklions
Here's the link to that book: https://mises.org/library/free-economy-and-social-order