“Henry Ford made a lot of money making cars at one time, but that was a small advantage to him compared to the benefit to millions of people who for the first time in their lives were emancipated from common public carriers and could live where they wanted, move at the hours they wanted, to the places they wanted. Ford collected a billion bucks, but that was peanuts compared to the benefits.”
Quote by George Stigler
Author
George Stigler
George Stigler, born on January 17, 1911, in Chicago, Illinois, and died on December 1, 1991, was an American economist and a Nobel laureate. He is known for his contributions to the fields of industrial organization, economic history, and econometrics. more