Top 10 Quotes & Sayings by George Reisman

Explore popular quotes and sayings by an American economist George Reisman.
Last updated on December 21, 2024.
George Reisman

George Gerald Reisman is an American economist. He is Professor Emeritus of Economics at Pepperdine University and the author of The Government Against the Economy (1979), which was praised by both F. A. Hayek and Henry Hazlitt, and Capitalism: A Treatise on Economics (1996). He is known as an advocate of free market or laissez-faire capitalism.

Under capitalism each individual engages in economic planning.
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.
The slaves of socialism are slaves, but they are no one's property and therefore no one's loss. — © George Reisman
The slaves of socialism are slaves, but they are no one's property and therefore no one's loss.
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.
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.
Global warming is not a threat. But environmentalism's response to it is....Even if global warming is a fact, the free citizens of an industrial civilization will have no great difficulty in coping with it-that is, of course, if their ability to use energy and to produce is not crippled by the environmental movement and by government controls otherwise inspired.
The average American of today is intellectually so far removed from his forbears that instead of regarding government with apprehension, he is more likely to regard it as a virtual parent, concerned only with protecting and helping him
Today, in the Twenty-First Century, an age of jet aircraft, personal computers, wireless telecommunications, laser surgery, and incipient space travel, the mentality with which many presumably educated, intelligent people approach matters of economics and business is, however astonishing it may seem, still that of the Dark Ages.
The free market exists to promote prosperity and human life, and that is what it has accomplished, splendidly, with breathtaking brilliance. In the industrialized world, the average person today enjoys a standard of living superior to that of kings and emperors of the past. The whole world's population is capable of enjoying the same marvelous results, if it adopts economic freedom.
Under communism (socialism), there is no incentive to supply people with anything they need or want, including safety.
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