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Fallacy Quotes by Milton Friedman
- Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of…
- The key insight of Adam Smith's Wealth of Nations is misleadingly simple: if an exchange between two parties is voluntary, it will not take place…
More Fallacy Quotes
- If there be time to expose through discussion the falsehood and fallacies, to avert the evil by the processes of education, the… — Louis D. Brandeis
- The specialist is one who never makes small mistakes while moving toward the grand fallacy. — Marshall McLuhan
- Some of the most serious fallacies of traditional economics have been due to confusion between optimum and equilibrium conditions; the apparent influence… — Sir John Richard Hicks
- All logic texts are divided into two parts. In the first part, on deductible logic, the fallacies are explained; in the second… — Morris Raphael Cohen
- The question we must ask ourselves as a culture is whether we want to embrace the change that must come, or resist… — Howard Lyman
- Our life stories are at one and the same time reality, fallacy and fantasy... — Rasheed Ogunlaru
- The logic of worldly success rests on a fallacy: the strange error that our perfection depends on the thoughts and opinions and… — Thomas Merton
- The key insight of Adam Smith's Wealth of Nations is misleadingly simple: if an exchange between two parties is voluntary, it will… — Milton Friedman