There are but two ways that man can deal with man: reason and force. Reason includes invention, design, entrepreneurship, finance, borrowing and lending, construction, production, manufacturing, mining, farming, trade, marketing, distribution, sales, and contract.
Force is when someone picks up a gun. The gun is used to override the reason of the victim with the whims of the gun wielder. Criminals use force to steal and otherwise harm people. But criminals are only bit players. The main force-wielding actor is the government.
Economics is the study of people using reason to drive their activities, as listed above. Force is the negation of economics. There are several ways to see this.
Read it all HERE – from the desk of Keith Weiner