Fundamentally, there are only two ways of coordinating the economic activities of millions. One is central direction involving the use of coercion—the technique of the army and of the modern totalitarian state. The other is voluntary co-operation of individuals—the technique of the market place.


Ch. 1 The Relation Between Economic Freedom and Political Freedom - Capitalism and Freedom (1962)

Milton Friedman Quotes

Fundamentally, there are only two ways of coordinating the economic activities of millions. One is central direction involving the use of...

Fundamentally, there are only two ways of coordinating the economic activities of millions. One is central direction involving the use of...

Fundamentally, there are only two ways of coordinating the economic activities of millions. One is central direction involving the use of...

Fundamentally, there are only two ways of coordinating the economic activities of millions. One is central direction involving the use of...