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.
About this quote
- What does it mean?
- The speaker claims equating economic competition with jungle law shows ignorance.
- In plain terms
- Calling economic competition jungle law proves you know no economics.
- What can you take from it?
- Economic competition is not natural selection.
Where it applies
Putting it to work
Questions to consider
- Is economics like evolution?
Another view
It dismisses analogies without addressing their intent.
More from George Reisman
Like the use of the word 'concupiscence' in an earlier age to describe sexual desire, the use of the word 'pollution' to describe essential aspects of the prod…
Permalink to quote #2 The truth is that economic competition is the very opposite of competition in the animal kingdom. It is not a competition in the grabbing off of scarce nature-…
Permalink to quote #4 The green movement, in other words, is the red movement stripped of the veneer of reason and science and bent on the destruction of reason and science rather t…
Permalink to quote #1
Related quotes
Are riches, honors, and beauty going out of fashion? Is not the rage for them, on the contrary, increased faster than improvement in knowledge? As long as eith…
John AdamsJohn Adams quote #85 'I belong to the don't-know school of economics.'
Herbert SteinHerbert Stein quote #2 'Economists are very good at saying that something cannot go on forever, but not so good at saying when it will stop.'
Herbert SteinHerbert Stein quote #3