I have selected three passages from the book to illustrate Czech's economic views.
Male fish were summarily tossed to the floor, sloshed by the ship's movements into the bilge pumps and back out to sea as a sort of ichthyological hamburger. Females were treated the same, except that their egg sacs were taken prior to tossing. We had hit the peak of spawning, and while it lasted, supply and demand called for this type of wanton waste. This was my firsthand introduction to the "invisible hand" of the free market. (Page 7)Having grown up in the United States, and not in some communist country, it is remarkable that he thinks he first experienced the action of the invisible hand - which requires well-defined property rights - among the fish of the Bering Sea.
The second passage is also about the functioning of markets and the invisible hand. Criticizing the use of prices as a gauge of resource scarcity Czech writes:
[I]f extractors and wholesalers knew that resources were becoming scarce, they would raise prices. Yet how would they know? Presumably not based on prices, since they were the ones responsible for raising those. (Page 70)And this is the third passage:
Classical, neoclassical, and Marxist economists have all agreed on the matter; capitalism systematically makes the rich richer and the poor poorer. (Page 154)
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