"Planned Chaos" Quotes
An exploration of the flaws and dangers of government intervention in the economy.
economics | 90 pages | Published in NaN
Quotes
In the long run, economic policies that aim at redistributing wealth instead of creating it will end in socialism.
Government intervention does not eliminate the inequality of wealth and incomes; it makes them worse.
The real objection to central planning is not that it is inefficient but that it is incompatible with personal freedom and democracy.
Planning must be done by the people for whom the plans are designed and who are to carry them out.
Planning presupposes the existence of goals and the choice of means for their attainment.
The market is not an invention of capitalism; it is an invention of civilization.
The idea that political freedom can be preserved in the absence of economic freedom, and vice versa, is an illusion.
The market economy is the social system of the division of labor under private ownership of the means of production.
The only way to raise wage rates permanently for all those eager to earn wages is to raise the productivity of labor by increasing the per-head quota of capital invested.
Economic calculation is the guiding star of action under the division of labor.
