Markets are not perfect, which is true even for rationally regulated markets. Nevertheless, over the last thousand years every attempt to organize sizeable societies without important dependence on markets has generated its own failure ... (Paul Samuelson)

Markets are not perfect, which is true even for rationally regulated markets. Nevertheless, over the last thousand years every attempt to organize sizeable societies without important dependence on markets has generated its own failure ...

Paul Samuelson

Related topics

attempt failure last perfect thousand years

Related quotes

Nothing seems at first sight less important than the outward form of human actions, yet there is nothing upon which men set more store: they grow used to everything except to living in a society which has not their own manners.

Alexis de Tocqueville

To praise it would amount to praising myself. For the entire content of the work... coincides almost exactly with my own meditations which have occupied my mind for the past thirty or thirty-five years.

Carl Friedrich Gauss

The beauty of "spacing" children many years apart lies in the fact that parents have time to learn the mistakes that were made with the older ones - which permits them to make exactly the opposite mistakes with the younger ones.

Sydney J. Harris

I am almost inclined to set it up as a canon that a children's story which is enjoyed only by children is a bad children's story. The good ones last. A waltz which you can like only when you are waltzing is a bad waltz.

C. S. Lewis

The best years of your life are the ones in which you decide your problems are your own. You don't blame them on your mother, the ecology, or the President. You realize that you control your own destiny.

Albert Ellis