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Quote by Leonard Read

“Assume that a surgeon has discovered how to do brain surgery, that he can do only one a month, that 1,000 persons a year need such an operation if they are to survive. How is the surgeon's scarce resource to be allocated? Charge whatever price is necessary to adjust supply and demand, say $50,000! 'For shame,' some will cry. 'Your market system will save only wealthy people.' For the moment, yes. But soon there will be hundreds of surgeons who will acquire the same skill; and, as in the case of the once scarce and expensive 'miracle drugs,' the price then will be within reach of all.”

Quote by Leonard Read

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Leonard Read
Leonard Read

Leonard Read was an influential economist, writer, and thinker who made significant contributions to the theory of free-market economics. His work 'I, Pencil' had a profound impact on the understanding of free-market principles in the mid-20th century. more

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