Under capitalism each individual engages in economic planning.

George Reisman
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More Quotes By George Reisman
  1. Monopoly is a market, or part of a market, reserved to the exclusive possession of one or more sellers by means of the initiation of physical force by the government, or with the sanction of the government. Monopoly exists insofar as the freedom of competition...

  2. Liberty should be understood as freedom from the government, specifically, freedom from the initiation of physical force by the government.

  3. Whoever claims that economic competition represents 'survival of the fittest' in the sense of the law of the jungle, provides the clearest possible evidence of his lack of knowledge of economics.

  4. Under capitalism each individual engages in economic planning.

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