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Invisible Hand Quotes by Milton Friedman

1 Invisible Hand quote by Milton Friedman

People who intend only to serve public interest are led by invisible hand to private interest which was no part of their intention.

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Milton Friedman has 196 quotes on this site. A few more worth reading:

When a private enterprise fails, it is closed down; when a government enterprise fails, it is expanded. Isn't that exactly what's been…
Legalizing drugs would simultaneously reduce the amount of crime and raise the quality of law enforcement. Can you conceive of any other…
My major problem with the world is a problem of scarcity in the midst of plenty ... of people starving while there…
Freedom in economic arrangements is itself a component of freedom broadly understood, so economic freedom is an end in itself ... Economic…
Economic freedom is an essential requisite for political freedom. By enabling people to cooperate with one another without coercion or central direction,…
Whenever we depart from voluntary cooperation and try to do good by using force, the bad moral value of force triumphs over…
The essential notion of a capitalist society ... is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.
The power to determine the quantity of money... is too important, too pervasive, to be exercised by a few people, however public-spirited,…
Fundamentally, there are only two ways of coordinating the economic activities of millions. One is central direction involving the use of coercion…
Self-interest is not myopic selfishness. It is whatever it is that interests the participants, whatever they value, whatever goals they pursue. The…
The high rate of unemployment among teenagers, and especially black teenagers, is both a scandal and a serious source of social unrest.…
A society based on the freedom to choose is better than a society based on the principles of socialism, communism and coercion.

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Popular Invisible Hand quotes from across the collection:

A few months ago people were talking about seeing the light at the end of the tunnel. Now the only hope is… — Unknown Author
I find myself more and more relying for a solution of our problems on the invisible hand which I tried to eject… — John Maynard Keynes
What's the single most important thing to learn from an economics course today? Â What I tried to leave my students with… — Lawrence Summers
Adam Smith's 'invisible hand' is not above sudden, disturbing, movements. Since its inception, capitalism has known slumps and recessions, bubble and froth;… — Margaret Thatcher
While the invisible hand looks after the private sector, the invisible foot kicks the public sector to pieces. — Herman E. Daly
In practice, without appropriate government intervention, Smith's "invisible hand" dons brass knuckles and conducts gang warfare, creating fierce battles between competitors who… — Denise Caruso
The key reason executives are paid so much now is that they appoint the members of the corporate board that determines their… — Paul Krugman
There is no economic imperative that will condemn us to deplete our vital resource base, but neither is there an invisible hand… — Jeffrey Sachs
When it comes to the environment, the invisible hand never picks up the check. — Kim Stanley Robinson
The border is a marketplace. The invisible hand of the powerful governs the crossings. — Amitava Kumar
The invisible hand never picks up the check. — Kim Stanley
As against the "invisible hand" of Adam Smith, there has to be a visible hand of politicians whose objective is to have… — Pierre Trudeau

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