Capitalism Quote by George Reisman
“Under capitalism each individual engages in economic planning.”
About This Quote
Source Book: Capitalism: A Treatise on Economics by George Reisman, 1970
Capitalism relies on individuals making their own economic choices rather than central planning.
In simple terms: People plan their own economic actions.
Trust personal economic decisions.
Themes
Mood
Type
When to use this quote
- business planning
- personal budgeting
- entrepreneurship
- policy analysis
Key Concepts
Questions to Reflect On
- How does individual planning affect market outcomes?
- When might central planning be beneficial?
Assumes rational behavior and equal information.