Quote by Murray N. Rothbard, Capitalism v

Free-market capitalism is a network of free and voluntary exchanges in which producers work, produce, and exchange their products for the products of others through prices voluntarily arrived at.

Free-market capitalism is a network of free and voluntary ex

Summary

This quote emphasizes that free-market capitalism is based on the principles of voluntary exchanges and the freedom for producers to work, produce, and exchange goods based on mutually agreed-upon prices. It highlights that in this system, individuals have the liberty to engage in economic transactions without coercion or government intervention. This perspective asserts that an open marketplace with voluntary exchanges fosters economic growth and efficiency while allowing individuals to freely participate in the exchange of goods and services.

Topics

Capitalism

By Murray N. Rothbard, Capitalism v

Liked the quote? Share it with your friends.

Random Quotations

An empty head is not really empty; it is stuffed with rubbis

An empty head is not really empty; it is stuffed with rubbish. Hence the difficulty of forcing anything into an empty head.

Ignorance & Stupidity

But we never get back our youth The pulse of joy that beats

But we never get back our youth The pulse of joy that beats in us at twenty becomes sluggish. Our limbs fail, our senses rot. We degenerate into hideous puppets, haunted by the memory of the passions of which we were too much afraid, and the exquisite temptations that we had not the courage to yield to.

Inspirational Macabre Dark

I think being a wealthy member of the establishment is the a

I think being a wealthy member of the establishment is the antithesis of cool. Being a countercultural revolutionary is cool. So to the extent that you've made a billion dollars, you've probably become uncool.

Cool

All the art of living lies in a fine mingling of letting go

All the art of living lies in a fine mingling of letting go and holding on.

Art

Fantasy is an exercise bicycle for the mind. It might not ta

Fantasy is an exercise bicycle for the mind. It might not take you anywhere, but it tones up the muscles that can. Of course, I could be wrong.

Terry Pratchett

Mind Fantasy Wrongs

You couldn't have fed the '50s into a computer and come out

You couldn't have fed the '50s into a computer and come out with the '60s.

Computers

I had not the least idea of a gamekeeper's occupation being

I had not the least idea of a gamekeeper's occupation being so dangerous - there had never been such a person employed on the Longbourn estate - and just as I had spent half the previous night wondering about Peter, I spent half the next one worrying about him.

Jennifer Paynter

Love Worry Concern Peter Bushell

In peace, sons bury their fathers. In war, fathers bury thei

In peace, sons bury their fathers. In war, fathers bury their sons.

Peace

To conquer oneself is the best and noblest victory; to be va

To conquer oneself is the best and noblest victory; to be vanquished by one's own nature is the worst and most ignoble defeat.

Philosophy

Take the first step, and your mind will mobilize all its for

Take the first step, and your mind will mobilize all its forces to your aid. But the first essential is that you begin. Once the battle is startled, all that is within and without you will come to your assistance.

Action(s)

There are only two ways to live your life. One is as though

There are only two ways to live your life. One is as though nothing is a miracle. The other is as though everything is a miracle.

Albert Einstein

Miracles

If your computer speaks English, it was probably made in Jap

If your computer speaks English, it was probably made in Japan.

Computers