Competition Quote by Thomas Jefferson
“Having always observed that public works are much less advantageously managed than the same are by private hands, I have thought it better for the public to go to market for whatever it wants which is to be found there; for there competition brings it down to the minimum value.”
About This Quote
Source Letter: to James Madison, 1795
He argues that private ownership leads to competition, which lowers prices and improves efficiency compared to public management.
In simple terms: Private competition drives lower prices.
Key Takeaway
Support market competition.
Themes
economics
government
competition
Mood
analytical
critical
Type
philosophical
political quote
When to use this quote
- policy debates
- business strategy
- consumer pricing
- government contracts
Key Concepts
capitalism
public policy
Questions to Reflect On
- Can competition always ensure quality?
- When should government intervene?
A Different Perspective
Public services may need regulation for equity.
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