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Defined Quote by Thomas Sowell

“What is politically defined as economic planning is the forcible superseding of other people's plans by Government officials.” quote by Thomas Sowell
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“What is politically defined as economic planning is the forcible superseding of other people's plans by Government officials.”

Thomas Sowell

About This Quote

Source Book: Basic Economics, 2005

Economic planning is government overriding private plans.

In simple terms: Government controls replace individual choices.

Key Takeaway

Question the role of state intervention.

Themes

economics government freedom planning policy

Mood

skeptical analytical

Type

economic political

When to use this quote

  • business strategy
  • urban development
  • healthcare systems
  • tax policy

Key Concepts

market dynamics public choice theory regulation

Questions to Reflect On

  • When is planning beneficial?
  • What are the costs of unregulated markets?
A Different Perspective

May ignore benefits of coordinated action.

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