Quote by George Reisman

Under capitalism each individual engages in economic planning.

Under capitalism each individual engages in economic plannin

Summary

This quote suggests that under a capitalist system, every person is involved in making economic decisions and strategizing their own financial goals. Unlike in other economic systems where planning may be centralized, such as socialism, capitalism allows each individual the freedom to plan and pursue their economic interests independently. This individualized approach to economic planning is seen as a characteristic feature of capitalism, highlighting the importance of personal decision-making and self-interest in shaping the overall economy.

Topics

Finance

By George Reisman

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