Without a market in which allocations can be made in obedience to the law of supply and demand, it is difficult or impossible to funnel resources with respect to actual human preferences and goals.


Liberty and Research and Development: Science Funding in a Free Society, Introduction chapter: Some Skeptical Reflections on Research and Development, Hoover Institution Press, Stanford University (2002) p. xiii

Tibor R. Machan Quotes

Without a market in which allocations can be made in obedience to the law of supply and demand, it is difficult or impossible to funnel resources...

Without a market in which allocations can be made in obedience to the law of supply and demand, it is difficult or impossible to funnel resources...

Without a market in which allocations can be made in obedience to the law of supply and demand, it is difficult or impossible to funnel resources...

Without a market in which allocations can be made in obedience to the law of supply and demand, it is difficult or impossible to funnel resources...