Monday , November 18 2019
Home / Cafe Hayek / Quotation of the Day…

Quotation of the Day…

Summary:
… is from page 34 of the late Don Lavoie’s great 1985 book Rivalry and Central Planning: One cannot arbitrarily choose the attributes of capitalism that one wishes to retain and set aside the attributes that one does not like. DBx: Don’s point here is not as mundane as it might at first appear. The airwaves, blogosphere, newspapers, and campaign trail overflow with proposals, for example, to protect this or that group from competition while simultaneously promising – or at least hoping for – continued economic growth. Too few people realize that successful pursuit of the first objective reduces the prospects of the second, and that complete success at achieving the first objective would not only ensure that all economic growth ceases, but that the economy would collapse. Comments

Topics:
Don Boudreaux considers the following as important:

This could be interesting, too:

Don Boudreaux writes Pittsburgh Tribune-Review: “Don’t fear the market”

Don Boudreaux writes Quotation of the Day…

Don Boudreaux writes Some Links

Don Boudreaux writes Bonus Quotation of the Day…

… is from page 34 of the late Don Lavoie’s great 1985 book Rivalry and Central Planning:

Quotation of the Day…One cannot arbitrarily choose the attributes of capitalism that one wishes to retain and set aside the attributes that one does not like.

DBx: Don’s point here is not as mundane as it might at first appear. The airwaves, blogosphere, newspapers, and campaign trail overflow with proposals, for example, to protect this or that group from competition while simultaneously promising – or at least hoping for – continued economic growth. Too few people realize that successful pursuit of the first objective reduces the prospects of the second, and that complete success at achieving the first objective would not only ensure that all economic growth ceases, but that the economy would collapse.

Comments

Don Boudreaux
He is a professor of economics at George Mason University in Fairfax, Virginia. Previously, he was president of the Foundation for Economic Education.

Leave a Reply

Your email address will not be published. Required fields are marked *