Decision Quote by Paul Samuelson

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

“No market economy can function properly without the support of legal and moral sanctions, designed to hold individual agents to their bargains, and to…

— Roger Scruton

Markets are not, in my opinion, a full solution to any problem. The obvious problem they don't meet is the concerns of the welfare…

— Kenneth Arrow

The market system is the basis of our civilization. Its only alternative is the Führer principle.

— Ludwig von Mises

If we make all of the people good, markets will be good. If markets are bad, which they are, that means people are bad,…

— Dave Brat

On the unhampered market there prevails an irresistible tendency to employ every factor of production for the best possible satisfaction of the most urgent…

— Ludwig von Mises

“Market without competition impedes its' dynamics.”

— Toba Beta

“The same is true for the market economy: the power of markets is enormous, but they have no inherent moral character. We have to…

— Joseph Stiglitz

What makes the existence and the evolution of society possible is precisely the fact that peaceful cooperation under the social division of labor in…

— Ludwig von Mises

The thing about markets, and I think the thing people don't understand about that, is markets are not kind, but they're very efficient. So…

— Randy Neugebauer

I think that markets classically fail in cases where there are public goods that provide benefits that people cannot capture. The big debate is…

— Peter Thiel

“Today the topic is not that of survival, but of the maintenance of a workable economic system in societies which are in a market…

— Isabel Gonzalez Turmo