Home / Quotes / Quote by Milton Friedman

Quote by Milton Friedman

“The great virtue of free enterprise is that it forces existing businesses to meet the test of the market continuously, to produce products that meet consumer demands at lowest cost, or else be driven from the market. It is a profit-and-loss system. Naturally, existing businesses generally prefer to keep out competitors in other ways. That is why the business community, despite its rhetoric, has so often been a major enemy of truly free enterprise.”

Quote by Milton Friedman

Author

Milton Friedman

Milton Friedman was a renowned economist known for his contributions to the field of free-market economics. His research in monetary economics, consumer behavior, and tax policy has had a profound impact. more

You May Also Like

“If even a small fraction of the money we now spend on trying to enforce drug prohibition were devoted to treatment and drug rehabilitation, in an atmosphere of compassion not punishment, the reduction in drug usage and in the harm done to users could be dramatic.”

Ifs Trying Done Compassion Drug Harm Punishment Atmosphere Dramatic Treatment Users Devoted Reduction Fractions Prohibition Usage Rehabilitation Drug Prohibition

Author:Milton Friedman

“What does it mean to say that government might have a responsibility? Government can't have a responsibility any more than the business can. The only entities which can have responsibilities are people.”

People Mean Doe Government Might Responsibility Entity

Book:There's no such thing as a free lunch

Source: There's no such thing as a free lunch

“Sometimes we hold on to our possessions because we fear we might run out - life seems scarce. But when we believe that giving is the way to live, we will produce more in the future - life seems abundant.”

Way Giving Believe Sometimes Seems Might Running Produce Possession Generosity Scarce Way To Live Future Life

Author:John C. Maxwell

“We are to get wisdom and understanding, yet we are not to lean on it apart from the Lord.”

Wisdom Understanding Lord

Book:Leadership Promises for Every Day: A Daily Devotional

Source: Leadership Promises for Every Day: A Daily Devotional

“In short, industrialism is over.”

Author:Paul Hawken

“And also, more and more businesses really want to do the right thing. They feel better about themselves, their workers feel better, and so do their customers. I think this is equally true in the transnational corporations, but it is harder to express in those situations.”

Thinking Want Feels Situation Harder Workers Customers Corporations Right Thing Feel Better Transnational Corporations

Author:Paul Hawken

“Businesses who are members of Businesses for Social Responsibility or the Social Venture Network are internalizing costs on a voluntary basis and therefore raising their costs of doing business, but their competitors are not required to.”

Social Responsibility Cost Members Bases Venture Social Responsibility Competitors Internalizing

Author:Paul Hawken

“I think an old style of addressing environmental problems is ebbing, but the rise of the so-called conservative, political movement in this country is not a trend towards the future but a reaction to this very broad shift that we are undergoing.”

Thinking Country Problem Political Style Movement Environmental Conservative Reactions Broads Trends Political Movements Environmental Problems Conservative Political

Author:Paul Hawken

“Intelligent policies will be largely self-regulating in the sense that the system of incentives and standards makes it absolutely ludicrous to not move towards clean, internalized systems of cost and production.”

Self Moving Policy Cost Standards Intelligent Clean Productions Incentives

Author:Paul Hawken

“Interestingly, the oil companies know very well that in less than 30 years they will not only be charging very high prices, but that they will be uncompetitive with renewables.”

Knows Years Wells Company Oil Charging Oil Companies High Prices

Author:Paul Hawken