Quotessence
Home / Authors / George Reisman Biography
George Reisman

George Reisman Biography

Economist

Related Quotes

“Monopoly is a market, or part of a market, reserved to the exclusive possession of one or more sellers by means of the initiation of physical force by the government, or with the sanction of the government. Monopoly exists insofar as the freedom of competition is violated, with the freedom of competition being understood as the absence of the initiation of physical force as the preventive of competition. Where there is no initiation of physical force to violate the freedom of competition, there is no monopoly. The freedom of competition is violated only insofar as individuals are excluded from markets or parts of markets by means of the initiation of physical force. Monopoly is thus a market or part of a market reserved to the exclusive possession of one or more sellers by means of the initiation of physical force. It is thus something imposed upon the market from without—by the government. (Private individuals—gangsters—can initiate force to reserve markets only if the government allows it and thereby sanctions it.) Thus, monopoly is not something which emerges from the normal operation of the economic system, and which the government must control.”

EvilPoliticsFreedomLibertyRightsHumanCapitalismEconomicsTradeLibertarianSocialismAnarchyFreeTaxationViolationTheftMafiaCoercionStatismVoluntaryismMarketsLaissez FaireNon Aggression PrincipleAncapAnarcho CapitalismAustrian School Of EconomicsNapThugsAustrianCronyCrapitalism
Author:George Reisman
Create image

“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.”

PeopleFirstsMayStillsMatterSeemsAgeTodayDarkSpaceCenturyComputerApproachEconomicsTwentiesIntelligentEducatedMentalitySurgeryAstonishingJetDark AgesSpace TravelAircraftWirelessLasersPersonal ComputersTelecommunications
Author:George Reisman
Create image

“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.”

IfsWorldHumansPersonsWholeTodayPastEnjoyResultsEconomicKingsCapableStandardsAveragePopulationProsperityWhole WorldSuperiorsHuman LifeAccomplishedMarvelousFree MarketBrillianceEmperorStandards Of LivingAverage PersonBreathtakingEconomic Freedom
Author:George Reisman
Create image

“The slaves of socialism are slaves, but they are no one's property and therefore no one's loss.”

PhilosophyPoliticalLossEconomicsPropertySlaveSocialismEugenics
Book:The Government Against the Economy: The Story of the U.S. Government's On-going Destruction of the American Economic System Through Price Controls
Create image

“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.”

IfsFactsUseGovernmentCoursesEnergyAbilityMovementProduceCitizensCivilizationDifficultyThreatResponseEnvironmentalInspiredGlobal WarmingEnvironmentalismCopingCrippled
Author:George Reisman
Create image