Defined Quote by Thomas Sowell
“What is politically defined as economic planning is the forcible superseding of other people's plans by Government officials.”
About This Quote
Source Book: Basic Economics, 2005
Economic planning is government overriding private plans.
In simple terms: Government controls replace individual choices.
Question the role of state intervention.
Themes
Mood
Type
When to use this quote
- business strategy
- urban development
- healthcare systems
- tax policy
Key Concepts
Questions to Reflect On
- When is planning beneficial?
- What are the costs of unregulated markets?
May ignore benefits of coordinated action.