Free Market Quotes - Page 15

• The second part of the New Right's policy package has been the belief that free-market solutions are always best. It is this latter view which is profoundly mistaken. Markets and profits are crucial, but the pure free-market model itself is deeply flawed.

  Paul Ormerod

  Views, Belief, Profit

  "The Death of Economics". Book by Paul Ormerod, 1994.

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• The theory of the determination of wages in a free market is simply a special case of the general theory of value. Wages are the price of labour.

  Sir John Richard Hicks

  Determination, Business, Special

  Sir John Richard Hicks (1963). “The theory of wages”

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• I find it quite useful to think of a free-market economy - or partly free market economy - as sort of the equivalent of an ecosystem. Just as animals flourish in niches, people who specialize in some narrow niche can do very well.

  Charlie Munger

  Animal, Thinking, Ecosystems

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• Now a great debate has been born. The thesis is Democratic Socialism. The antithesis is free-market capitalism. The Obama Democrats have posed the challenge. It is now up to the Republicans to pick it up and fight along these lines.

  Dick Morris

  Fighting, Democratic Socialism, Challenges

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• The way to maximize production is to maximize the incentives to production. And the way to do that, as the modern world has discovered, is through the system known as capitalism - the system of private property, free markets, and free enterprise.

  Henry Hazlitt

  World, Incentives, Way

  Henry Hazlitt (1971). “Man Vs. the Welfare State”, p.95, Ludwig von Mises Institute

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• Planning leads to dictatorship because dictatorship is the most effective instrument of coercion and the enforcement of ideals and, as such, essential if central planning on a large scale is to be possible.

  Friedrich August von Hayek

  Essentials, Enforcement, Coercion

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• Ronald Reagan believes in the free market like some people believe in unicorns.

  Barney Frank

  Believe, People, Unicorn

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• The free market is at its best when everybody works in a fish bowl and tells you their point of view The hedge funds and portfolio managers have a right to do this We've muted the analysts and their presence in the system.

  Mario

  Views, Portfolios, Fish Bowls

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• American future lies in the East. The great free markets of the Pacific Rim are the American destiny.

  Donald Freed

  Lying, Destiny, East

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• The younger generation of today has grown up in a world in which in school and press the spirit of commercial enterprise has been represented as disreputable and the making of profit as immoral, where to employ a hundred people is represented as exploitation but to command the same number as honorable.

  Friedrich August von Hayek

  School, Numbers, People

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• The basic principles of democracy should be observed whatever the country - principles such as civil liberties, a free market, a free press, the priority of the individual over mythical state interests, a state which serves the interests of ordinary people and defends their rights and interests. This is all easy to say but hard to make reality.

  Vladimir Putin

  Country, Reality, Rights

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• What private property does is connect effort to reward, creating an incentive for people to produce for more. Then, if there's a free market, people will trade their surpluses to others for the things they lack. Mutual exchange for mutual benefit makes the community richer.

  John Stossel

  Mutual Benefit, Creating, People

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• What do intellectuals and opinion makers get from big government? An increasing number of cushy jobs in the bureaucracy, or in the government-subsidized sector, staffing the welfare regulatory state, and apologizing for its policies, as well as propagandizing for them among the public. To put it bluntly, intellectuals, theorists, pundits, media elites, etc. get to live a life which they could not attain on the free market, but which they can gain at taxpayer expense.

  Murray Rothbard

  Jobs, Government, Media

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• The sad fact is that today most of the heads of big businesses in America have become so confused or intimidated that, so far from carrying the free market to argument to the enemy, they fail to defend themselves adequately even when attacked.

  Henry Hazlitt

  Confused, America, Enemy

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• The great allure of government programs in general for many people is that these programs allow decisions to be made without having to worry about the constraints of prices, which confront people at every turn in a free market.

  Thomas Sowell

  Government, People, Worry

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• The essence and the glory of the free market is that individual firms and businesses, competing on the market, provide an ever-changing orchestration of efficient and progressive goods and services: continually improving products and markets, advancing technology, cutting costs, and meeting changing consumer demands as swiftly and as efficiently as possible.

  Murray Rothbard

  Cutting, Technology, Essence

  Murray Newton Rothbard (1978). “For a New Liberty: The Libertarian Manifesto”, p.242, Ludwig von Mises Institute

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• The costs of government are bound to be much higher than those of the free market. . .The State cannot calculate well and therefore cannot gauge its costs accurately.

  Murray Rothbard

  Government, Gauges, Cost

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• When people criticize the free market, they are usually complaining about what happens when you intervene in the free market.

  James Cook

  People, Complaining, Criticize

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• The truly free market is the worker's best friend.

  Sheldon Richman

  Workers

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• While big-business leaders and firms can be highly productive, servants of consumers in a free market economy, they are also all too often, seekers after subsidies, contracts, privileges, or cartels furnished by big government. Often, business lobbyists and leaders are the sparkplugs for the statist, interventionist system.

  Murray Rothbard

  Government, Leader, Subsidies

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• A fact rarely suspected, let alone understood, is that businessmen are by no means the chief beneficiaries of the free market, private ownership, limited government way of life. Many business ventures fail entirely. Who then are the beneficiaries? The masses!

  Leonard Read

  Mean, Government, Venture

  "The Complete Works of Leonard E. Read". 1976.

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• We are so accustomed to the miracle of private enterprise that we habitually take it for granted. But how does private industry solve the incredibly complex problem of turning out tens of thousands of different goods and services in the proportions in which they are wanted by the public? ... It solves these problems through the institutions of private property, competition, the free market, and the existence of money - through the interrelations of supply and demand, costs and prices, profits and losses.

  Henry Hazlitt

  Loss, Miracle, Competition

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• The right way is the greatest gratifier of human wishes ever come upon - when allowed to operate. It is as morally sound as the Golden Rule. It is the way of willing exchange, of common consent, of self-responsibility, of open opportunity. It respects the right of each to the product of his labor. It limits the police force to keeping the peace. It is the way of the free market, private property, limited government. On its banner is emblazoned Individual Liberty.

  Leonard Read

  Responsibility, Opportunity, Government

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• The crisis of modern democracy is a profound one. Free elections, a free press and an independent judiciary mean little when the free market has reduced them to commodities available on sale to the highest bidder.

  Arundhati Roy

  Independent, Mean, Profound

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• Contrary to the vision of the left, it was the free market which produced affordable housing - before government intervention made housing unaffordable.

  Thomas Sowell

  Government, Vision, Affordable Housing

  Thomas Sowell (2013). “Ever Wonder Why?: and Other Controversial Essays”, p.92, Hoover Press

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