4 George Reisman Quotes on Economics

George Reisman quotes on economics

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. 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-given supplies, as it is in the animal kingdom. Rather, it is a competition in the positive creation of new and additional wealth.

5. The slaves of socialism are slaves, but they are no one's property and therefore no one's loss.

6. Under communism (socialism), there is no incentive to supply people with anything they need or want, including safety.