Quotessence
Home / Quotes / Quote by Leonard Read

Quote by Leonard Read

“No one has more than scratched the surface when it comes to understanding and explaining the miracle of the market.”

Quote by Leonard Read

Author

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

You May Also Like

“Failure is a big part of a free market's success. People fail to live up to their potential, or to carry out all their good intentions, in all kinds of economic and political systems. Capitalism makes them pay a price for their failures, while socialism, feudalism, fascism and other systems enable personal failures, especially by those at the top, to be ignored.”

“Capitalism has been one of the most dynamic forces in human history, transforming one society after another, and today it has become established as an international system determining the economic fate of most of mankind.”