"Economics is that way of understanding behavior that starts from the assumption that people have objectives and tend to choose the correct way to achieve them."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Atheists from the United StatesPoets from the United StatesEducators from the United StatesJews from the United StatesAnarcho-capitalists
Original Language: English
Available Languages (1)
Sources
Imported from EN Wikiquote
https://en.wikiquote.org/wiki/David_Friedman
Revision History
No revisions have been submitted for this quote.
Categories
David Friedman
12 quotes on TrueQuotesView all quotes by David Friedman →
Related Quotes
"The direct use of physical force is so poor a solution to the problem of limited resources that it is commonly employ…"
"If we want to be honest, we can ship the Statue of Liberty back to France or replace the outdated verse with new line…"
"In the ideal socialist state, power will not attract power freaks. People who make decisions will show no slightest b…"
"Perhaps the best way to see why anarcho-capitalism would be much more peaceful than our present system is by analogy.…"
"We must ask, not whether an anarcho-capitalist society would be safe from a power grab by the men with the guns (safe…"
"I predict that, if anarcho-capitalist institutions appeared in this country tomorrow, heroin would be legal in New Yo…"
"An ideal objectivist society with a limited government is superior to an anarcho-capitalist society in precisely the …"
"The tendency to be rational is the consistent and hence predictable element in human behavior. (p.4)"
"[T]he assumption describes our actions, not our thoughts. If you had to understand something intellectually in order …"
"Legal rules are to be judged by the structure of incentives they establish and the consequences of people altering th…"