This post is part of our original series "Individual Economics" The virtues of individualism - including independence, self-reliance, and the willingness to bear risks as well as the entrepreneurial readiness to back one's own conviction against a majority, and the willingness to voluntary collaboration with one's neighbors - are not highly respected today. They should be, because they rank among the most important values that energize Individual Economics, the economic system that, properly understood, empowers every individual to choose the most effective means to achieve their own subjective ends, resulting in the emergence of the best society for all. The Center For Individualism’s goal with this series of occasional posts is to illustrate the principles of Individual Economics in the hope of encouraging their greater adoption.
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