Activity Quote by 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 free-market system is one in which economic production and consumption are determined by the free choices of individuals rather than governments, and this…

— Barry Asmus

In a market economy with the division and specialization of labor, people use others as means to achieve their ends. This is the essence…

— Stephan Kinsella

We do not assert that the capitalist mode of economic calculation guarantees the absolutely best solution of the allocation of factors of production. Such…

— Ludwig von Mises

“Cooperation’ sounds very altruistic, but is not always voluntary and seldom egalitarian. Most human cooperation networks have been geared towards oppression and exploitation. The…

— Yuval Noah Harari

Viewed as a means to the end of political freedom, economic arrangements are important because of their effect on the concentration or dispersion of…

— Milton Friedman

When wealth is centralized, the people are dispersed. When wealth is distributed, the people are brought together.

— Confucius

Economies are complex beasts that need people to do an extraordinary range of tasks.

— Geoff Mulgan

The notion that a society could be regulated entirely by market forces is a utopian fantasy: an impossible dream generated by imagining what the…

— David Graeber

“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 societies which have achieved the most spectacular broad-based economic progress in the shortest period of time are not the most tightly controlled, not…

— Ronald Reagan

In an unmolested market economy - one where all dealings are consensual - the 'allocation' of wealth and income is the result of transactions.

— Sheldon Richman