“In mar­ket terms, one is entitled to what others will offer in willing ex­change. That is all!”

—  Leonard E. Read

Business is Entitled to a Fair Profit, BUSINESS IS ENTITLED TO A FAIR PROFIT http://www.themoralliberal.com/2015/03/18/business-is-entitled-to-a-fair-profit/
Context: Assuming the market is free from fraud, violence, misrepresen­tation, and predation, the economic failure or success of any individ­ual is measured by what he can obtain in willing exchange—fair­ness being a state of affairs that is presupposed in the assumption. Everyone, according to any moral code I would respect, is entitled to fairness in the sense of no special privilege to anyone and open op­portunity for all; no one is entit­led to what is implied by a fair price, a fair wage, a fair salary, a fair rent, or a fair profit. In mar­ket terms, one is entitled to what others will offer in willing ex­change. That is all!

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Leonard E. Read 23
American academic 1898–1983

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