Accomplished Quote by George Reisman
“The free market exists to promote prosperity and human life, and that is what it has accomplished, splendidly, with breathtaking brilliance. In the industrialized world, the average person today enjoys a standard of living superior to that of kings and emperors of the past. The whole world's population is capable of enjoying the same marvelous results, if it adopts economic freedom.”
About This Quote
Source Book: Economics of Freedom (hypothetical), unknown date
The free market, when unrestricted, can raise living standards dramatically, suggesting universal benefits of economic liberty.
In simple terms: Free markets can improve prosperity for many.
Support policies that reduce economic barriers.
Themes
Mood
Type
When to use this quote
- policy debates
- development planning
- international aid
- business regulation
Key Concepts
Questions to Reflect On
- Can every country achieve similar prosperity?
- What safeguards protect vulnerable groups?
Assumes all societies can adopt free markets equally, ignoring structural constraints.