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Quote by William Vickrey

“... often analysis seems to be based on the assumption that future economic output is almost entirely determined by inexorable economic forces independently of government policy so that devoting more resources to one use inevitably detracts from availability for another.”

Quote by William Vickrey

Author

William Vickrey

William Vickrey was a Nobel Prize-winning economist renowned for his contributions to auction theory. His research in economics had a profound impact on modern auction practices. more

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“Information technology alone cannot provide us an absolute shield against its evil twin disinformation technology. Our only protection is law, and that protection is available to us only if legitimate governments have the power to govern.”

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“Liberalism demands that people without guns be able to tell people with guns what to do.”

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Author:Stephen Holmes

“Since inequalities of privilege are greater than could possibly be defended rationally, the intelligence of privileged groups is usually applied to the task of inventing specious proofs for the theory that universal values spring from, and that general interests are served by, the special privileges which they hold.”

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Book:Moral Man and Immoral Society: A Study in Ethics and Politics

Source: Moral Man and Immoral Society: A Study in Ethics and Politics

“... the modern state masks itself in moral ideologies which obscure its actual conduct. One of the most compelling and insidious of these ideologies is the doctrine of natural rights. It was to secure these rights that the modern state was invented in the first place, and it is impossible, especially for Americans, not to be seduced by the doctrine. But it is nonetheless a philosophical superstition.”

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Author:Donald Livingston

“Together, the property rights and public choice schools show only that, if you start by assuming a purely individualistic model of human behavior and treat politics as if it were a pale imitation of the market, democracy will, indeed, make no sense.”

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“I had mice that I kept as pets when I was very young, and I've always liked the way they look. Even rats. I'm not scared of them.”

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“... an essential feature of a decent society, and an almost defining feature of a democratic society, is relative equality of outcome - not opportunity, but outcome. Without that you can't seriously talk about a democratic state... These concepts of the common good have a long life. They lie right at the core of classical liberalism, of Enlightenment thinking... Like Aristotle, [Adam] Smith understood that the common good will require substantial intervention to assure lasting prosperity of the poor by distribution of public revenues.”

“Talk of democracy has little content when big business rules the life of the country through its control of the means of production, exchange, the press and other means of publicity, propaganda and communication.”

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Author:John Dewey

“Our popular economics writers, however, are not in the business of giving their readers a ringside seat on the research action; with no exception I can think of, they use their books to do an end run around the normal structure of scholarship, to preach ideas that few serious economists share. Often, these ideas are not just at odds with the professional consensus; they are demonstrably wrong, and sometimes terminally silly. But they sound good to the unwary reader.”

“A favorite Wired icon for the information feedback loop, a dragon curling in a circle to swallow its own tail, could become more apt as a symbol of the timeless libertarian paradox: Monopoly verging on feudalism emerges from unregulated competition to bite libertarianism in the posterior.”