Laissez-faire Quotes
What then is it that, since 2007, has caused Wall Street capitalism's own suicide? At the bottom of this worst financial mess in a century is this: Milton Friedman-Friedrich Hayek libertarian laissez-faire capitalism, permitted to run wild without regulation. This is the root source of today's travails. Both of these men are dead, but their poisoned legacies live on.
Paul Samuelson
Objectivism is a philosophical movement; since politics is a branch of philosophy, Objectivism advocates certain political principles - specifically, those of laissez-faire capitalism - as the consequence and the ultimate practical application of its fundamental philosophical principles. It does not regard politics as a separate or primary goal, that is: as a goal that can be achieved without a wider ideological context. . . . Objectivists are not "conservatives." We are radicals for capitalism; we are fighting for that philosophical base which capitalism did not have and without which it was doomed to perish.
Ayn Rand
[S]cientists are not robotic inducing machines that infer structures of explanation only from regularities observed in natural phenomena (assuming, as I doubt, that such a style of reasoning could ever achieve success in principle). Scientists are human beings, immersed in culture, and struggling with all the curious tools of inference that mind permits [...]. Culture can potentiate as well as constrain-as Darwin's translation of Adam Smith's laissez-faire economic models into biology as the theory of natural selection. In any case, objective minds do not exist outside culture, so we must make the best of our ineluctable embedding.
Stephen Jay Gould
And yet I will venture to believe that in no time, since the beginnings of Society, was the lot of those same dumb millions of toilers so entirely unbearable as it is even in the days now passing over us. It is not to die, or even to die of hunger, that makes a man wretched; many men have died; all men must die,-the last exit of us all is in a Fire-Chariot of Pain. But it is to live miserable we know not why; to work sore and yet gain nothing; to be heart-worn, weary, yet isolated, unrelated, girt in with a cold universal Laissez-faire: it is to die slowly all our life long, imprisoned in a deaf, dead, Infinite Injustice, as in the accursed iron belly of a Phalaris' Bull! This is and remains forever intolerable to all men whom God has made. Do we wonder at French Revolutions, Chartisms, Revolts of Three Days? The times, if we will consider them, are really unexampled.
Thomas Carlyle
The choice among these alternatives in any given case depends on the degree of difficulty consumers have in making the choice unaided, and on the consequences of errors of judgment. It its the general social consensus, clearly, that the laissez-faire solution for medicine is intolerable. The certification proposal never seems to have been discussed seriously.
Kenneth Arrow
Though the framework is libertarian and laissez-faire, individual communities within it need not be, and perhaps no community within it will choose to be so. Thus, the characteristics of the framework need not pervade the individual communities. In this laissez-faire system it could turn out that though they are permitted, there are no actually functioning "capitalist" institutions; or that some communities have them and others don't or some communities have some of them, or what you will.
Robert Nozick
To-day we can affirm that the capitalistic method of production is out of date. So is the doctrine of laissez-faire, the theoretical basis of capitalism... To-day we are taking a new and decisive step in the path of revolution. A revolution, in order to be great, must be a social revolution.
Benito Mussolini
If I ever became president, I'd push with every ounce of power I had for Congress to pass something else into law: Every elected federal official must predesignate an individual in their immediate family who has to begin military service-the moment that official casts an affirmative vote toward going to war. This could be a grandchild, a niece or nephew, but someone. It doesn't mean they necessarily go to the war zone. What it does mean is that they and their family experience some personal discomfort because of this decision. Going to war should bring difficulty, especially to those who are the orchestrators or the authorizers. Right now, it's far too easy for them to go on TV with their bleeding hearts and give standing ovations to our service personnel. War should not be laissez-faire. If you're not willing to send someone from your family, how can you be so willing to send someone else's?
Jesse Ventura
The spontaneous individual optimization that drives the theories with which I began is important, but it is not enough by itself. If spontaneous Coase‐style bargains, whether through laissez-faire or political bargaining and government, eliminated socially wasteful predation and obtained the institutions that are needed for a thriving market economy, then there would not be so many grossly inefficient and poverty-stricken societies.
Mancur Olson
As I plodded back and forth I reflected miserably upon my own political rootlessness, in a world where politics is so important. When I am with Tories I am a violent advocate of reform; when I am with reformers I hold forth on the value of tradition and stability. When I am with communists I become a royalist - almost a Jacobite; when I am with socialists I am an advocate of free trade, private enterprise and laissez-faire. The presence of a person who has strong political convictions always sends me flying off in a contrary direction. Inevitably, in the world of today, this will bring me before a firing squad sooner or later. Maybe the fascists will shoot me, and maybe the proletariat, but political contrariness will be the end of me; I feel it in my bones.
Robertson Davies
Laissez-faire capitalism, or anarchocapitalism, is simply the economic form of the libertarian ethic. Laissez-faire capitalism encompasses the notion that men should exchange goods and services, without regulation, solely on the basis of value for value. It recognizes charity and communal enterprises as voluntary versions of this same ethic. Such a system would be straight barter, except for the widely felt need for a division of labor in which men, voluntarily, accept value tokens such as cash and credit. Economically, this system is anarchy, and proudly so.
Karl Hess
The second experiment, with four leaders, makes possible a comparison of the authoritarianism and democracy of four different leaders, and the "laissez-faire" method of two different leaders. In two cases it is also possible to compare the same atmosphere, created by two different leaders with the same club. One other type of control seemed very important, the nature of the club activity, and the physical setting...
Kurt Lewin
The phrase laissez-faire is not to be found in the works of Adam Smith, of Ricardo, or of Malthus. Even the idea is not present in a dogmatic form in any of these authors. Adam Smith, of course, was a Free Trader and an opponent of many eighteenth-century restrictions on trade. But his attitude towards the Navigation Acts and the usury laws shows that he was not dogmatic. Even his famous passage about 'the invisible hand' reflects the philosophy which we associate with Paley rather than the economic dogma of laissez-faire.
John Maynard Keynes
We are entitled to be disappointed, but not to be surprised, by the persistence of governmental intervention in economic life. A school of thought attributes great influence to public opinion in the movements toward or away from laissez-faire. Among the many members of this school one may mention Albert Venn Dicey, John Maynard Keynes, and Milton Friedman.
George Stigler
