Without a market in which allocations can be made in obedience to the law of supply and demand, it is difficult or impossible to funnel resources with respect to actual human preferences and goals. (Tibor R. Machan)

Without a market in which allocations can be made in obedience to the law of supply and demand, it is difficult or impossible to funnel resources with respect to actual human preferences and goals.

Tibor R. Machan

Related topics

human impossible law market respect

Related quotes

Most people might just as well buy a share of the whole market, which pools all the information, than delude themselves into thinking they know something the market doesn't. View quote
Merton Miller
Mistakes are a part of being human. Appreciate your mistakes for what they are: precious life lessons that can only be learned the hard way. Unless it's a fatal mistake, which, at least, others can learn from. View quote
Al Franken
The effort to understand the universe is one of the very few things which lifts human life a little above the level of farce and gives it some of the grace of tragedy. View quote
Steven Weinberg
A person cannot choose the time in which he is born or lives; it is not up to him, who his parents are, or the nation he will be born into, but what he is responsible for is how he will act in that given time: will he be human or inhuman. View quote
Pavle (Serbian)
Genesis. What an extraordinary history! It is impossible for us to appreciate conduct, when a power like that of God is directly brought to bear on it. Obedience to him is our first law. View quote
James Fenimore Cooper