Market Economy Quotes - Page 4

As soon as the economic freedom which the market economy grants to its members is removed, all political liberties and bills of rights become humbug.

Ludwig von Mises

Rights, Political, Liberty

Ludwig Von Mises (1990). “Economic freedom and interventionism: an anthology of articles and essays”

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When each of us is free to work out his own economic destiny, within the framework of the market economy, the institution of private property, and the general rule of law, we will all improve our economic condition much faster than when we are ordered around by bureaucrats.

Henry Hazlitt

Destiny, Law, Work Out

Henry Hazlitt (1971). “Man Vs. the Welfare State”, p.136, Ludwig von Mises Institute

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Free markets. What does this system mean? The answer is simple: it is the market economy, it is the system in which the cooperation of individuals in the social division of labor is achieved by the market.

Ludwig von Mises

Mean, Simple, Division Of Labor

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In an unmolested market economy - one where all dealings are consensual - the 'allocation' of wealth and income is the result of transactions.

Sheldon Richman

Income, Wealth, Economy

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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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Though my heart may be left of centre, I have always known that the only economic system that works is a market economy... This is the only natural economy, the only kind that makes sense, the only one that can lead to prosperity, because it is the only one that reflects the nature of life itself.

Vaclav Havel

Heart, May, Kind

"Official Report of Debates of the Legislative Assembly". Hansard, Volume 11, Number 21, www.leg.bc.ca. July 5, 1993.

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Multinational corporations and a market economy have transformed human beings into instruments of making money. Human beings should be the end. And money should be the means to an end.

Satish Kumar

Mean, Corporations, Making Money

"An Interview with Satish Kumar at the New Story Summit". Kosmos Interview, www.kosmosjournal.org. November 18, 2014.

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Seriously. It was running out at Rolling Stone. First of all, they didn't feel the need for a dissident conservative voice in a world where certain conservative aspects had become intellectually dominant. I would actually argue against that, but on the surface of it, in the [Bill] Clinton years the market economy triumphed, certain libertarian ideas became ordinary, and certain early-20th-century ideas about centralization of government and economic planning and socialism with a small "s" had obviously gone out the window. The Cold War was over, blah blah blah.

P. J. O'Rourke

Running, War, Government

Source: www.avclub.com

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There is no kind of freedom and liberty other than the kind which the market economy brings about.

Ludwig von Mises

Liberty, Kind, Economy

Ludwig von Mises (2016). “Human Action”, p.350, Lulu Press, Inc

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Where there is no market economy, the best intentioned provisions of constitutions and laws remain a dead letter.

Ludwig von Mises

Law, Letters, Constitution

Ludwig Von Mises (1990). “Economic freedom and interventionism: an anthology of articles and essays”

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Servile labour disappeared because it could not stand the competition of free labour; its un-profitability sealed its doom in the market economy.

Ludwig von Mises

Competition, Economy, Doom

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The socialism of centralised state control of industry and production, is dead. It misunderstood the nature and development of a modern market economy. It failed to recognise that the state and public sector can become a vested interest capable of oppression as much as the vested interests of wealth and capital. it was based on a false view of class that became too rigid to explain or illuminate the nature of class division today.

Tony Blair

Views, Class, Misunderstood

Tony Blair (2004). “Tony Blair in His Own Words”, Politicos Pub

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The real source of market promise is not the wealthy few in the developing world, or even the3 emerging middle-income consumers. It is the billions of aspiring poor who are joining the market economy for the first time.

C. K. Prahalad

Real, Promise, Income

"The Politics of Fortune: A New Agenda for Business Leaders". P. 125. Book by Jeffrey E. Garten, 2002.

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In a market economy, however, the individual has some possibility of escaping from the power of the state

Peter L. Berger

Escaping, Economy, Individual

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It is something of a miracle that individual selfish decisions (in a market economy) must lead to a collectively efficient outcome.

Steven Landsburg

Selfish, Decision, Miracle

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As someone who lived under communism for most of my life I feel obliged to say that the biggest threat to freedom, democracy, the market economy and prosperity at the beginning of the 21st century is not communism or its various softer variants. Communism was replaced by the threat of ambitious environmentalism.

Vaclav Klaus

Democracy, Ambitious, Global Warming

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We've taken the view that if the rest of the world would democratize and create market economies, that would spread the benefits of prosperity around the world, and that it would enhance our own prosperity, and our own stability and security, as well.

Jeffrey Sachs

Taken, Views, Benefits

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What is it about a work of art, even when it is bought and sold in the market, that makes us distinguish it from . . . pure commodities? A work of art is a gift, not a commodity. . . works of art exist simultaneously in two “economies”, a market economy and a gift economy. Only one of these is essential, however: a work of art can survive without the market, but where there is no gift, there is no art.

Lewis Hyde

Art, Two, Essentials

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It is particularly odd that economists who profess to be champions of a free-market economy, should go to such twists and turns to avoid facing the plain fact: that gold, that scarce and valuable market-produced metal, has always been, and will continue to be, by far the best money for human society.

Murray Rothbard

Champion, Gold, Facts

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It's time to admit that public education operates like a planned economy, a bureaucratic system in which everybody's role is spelled out in advance and there are few incentives for innovation and productivity. It's no surprise that our school system doesn't improve: It more resembles the communist economy than our own market economy.

Albert Shanker

Education, School, Innovation

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A market economy is a tool - a valuable and effective tool - for organizing productive activity. A market society is a way of life in which market values seep into every aspect of human endeavour. It's a place where social relations are made over in the image of the market.

Michael Sandel

Tools, Politics, Way

Michael J. Sandel (2012). “What Money Can't Buy: The Moral Limits of Markets”, p.13, Farrar, Straus and Giroux

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It is precisely through falling prices that the fruits of increased productivity and economic growth are spread throughout the market economy.

Joseph Salerno

Fall, Growth, Fruit

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In the market economy the price that is offered is counted upon to produce the result that is sought.

John Kenneth Galbraith

Economy, Results, Produce

John Kenneth Galbraith (2015). “The New Industrial State”, p.27, Princeton University Press

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The market economy needs no apologists and propagandists. It can apply to itself the words of Sir Christopher Wren's epitaph in St. Paul's: 'If you seek his monument, look around.'

Ludwig von Mises

Liberty, Wrens, Needs

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If government manages to establish paper tickets or bank credit as money, as equivalent to gold grams or ounces, then the government, as dominant money-supplier, becomes free to create money costlessly and at will. As a result, this 'inflation' of the money supply destroys the value of the dollar or pound, drives up prices, cripples economic calculation, and hobbles and seriously damages the workings of the market economy.

Murray Rothbard

Government, Gold, Tickets

"Taking Money Back" by Murray Rothbard, The Freeman, September-October 1995.

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