Branches Quote by Adam Smith

Whenever competition is feasible it is, for all its imperfections, superior to regulation as a means of serving the public interest.

— Alfred Kahn

Economists have understood since the Victorian era that the main benefits of trade come from comparative advantage: the idea that people can specialize in…

— David Autor

The sharper the competition, the better it serves its social function to improve economic production.

— Ludwig von Mises

If governments start to go it alone on trade, it will become harder, not easier, to generate the jobs and rising incomes that angry…

— Arancha Gonzalez

While the law [of competition] may be sometimes hard for the individual, it is best for the race, because it insures the survival of…

— Andrew Carnegie

“A country with secure property rights, scientific inquiry and technological innovation will become richer. But, since division of labour is limited by the size…

— Martin Wolf

Economically, unfair trade will benefit nobody in the long run, as poorer countries will be bled totally dry and will become unable to produce…

— Chris Martin

Unlimited competition leads to a huge waste of labor, and to that crippling of the social consciousness of individuals.

— Albert Einstein

Market-led globalization is leading to a race to the bottom, where efficiency and profit matter more than a fair share for working people.

— Sharan Burrow

East and West, most societies have come to believe that competition will produce more prosperity for more people than a planned economy. I share…

— Anthony Lewis

We should know that only replacing the economics of competition and greed with the economics of equitable cooperation will guarantee a globalization that takes…

— Robin Hahnel

A permanent division of labor inevitably creates occupational and class inequality and conflict.

— Robert Shea