Adam Quote by Milton Friedman

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…

— Milton Friedman

“Fundamentally, there are only two ways of co-ordinating the economic activities of millions. One is central direction involving the use of coercion—the technique of…

— Milton Friedman

“A predominantly voluntary exchange economy, on the other hand, has within it the potential to promote both prosperity and human freedom. It may not…

— Milton Freidman

The idea in collaborative bargaining is to negotiate without making concessions to each other, by looking for joint-gain options instead.

— Mark Gordon

The most important single central fact about a free market is that no exchange takes place unless both parties benefit.

— Milton Friedman

It is a mere futile process to exchange one set of commodities for another, if the parties; after this new distribution of goods has…

— Thomas Malthus

Whenever a partnership is formed, there has to be a benefit to the partners; otherwise, they don't form it.

— G. Edward Griffin

Constructive trade, the two-way exchange of goods and services, is the most efficient and logical way for each nation . . . to build…

— Ronald Reagan

To be sure, the use of force by one party in a market transaction in order to improve his price was no invention of…

— Immanuel Wallerstein

Nor in truth, can Forreign Trade subsist without the Home Trade, both being connected together.

— Dudley North

Any trade that is voluntarily made is mutually beneficial, by definition, and, indeed, is balanced, by definition.

— P. J. O'Rourke

We must be willing to learn the lesson that cooperation may imply compromise, but if it brings a world advance it is a gain…

— Eleanor Roosevelt