Economic Quote by George Reisman
“Why should we engage in economic planning”
About This Quote
Source Book: Theory of Money and Credit, 1929
Economic planning involves deliberate coordination of resources to achieve societal goals, rather than leaving outcomes to chance.
In simple terms: Planning means organizing resources to meet goals.
Consider structured approaches to resource allocation.
Themes
Mood
Type
When to use this quote
- government budgeting
- corporate strategy
- community development
Key Concepts
Questions to Reflect On
- What goals justify central planning?
- How can flexibility be built into plans?
Planning can limit individual freedom and adaptability.