Ludwig von Mises Quotes About Allocation
-
We do not assert that the capitalist mode of economic calculation guarantees the absolutely best solution of the allocation of factors of production. Such absolutely perfect solutions of any problem are out of reach of mortal men. What the operation of a market not sabotaged by the interference of compulsion and coercion can bring about is merely the best solution accessible to the human mind under the given state of technological knowledge and the intellectual abilities of the age's shrewdest men.
→ -
What matters is not the allocation of portions out of a fund presented to man by nature. The problem is rather to further those social institutions which enable people to continue and to enlarge the production of all those things which they need.
→
Related Authors
-
Israel Kirzner Economist -
David D. Friedman Economist -
Adam Smith Philosopher -
Walter Block Economist -
Llewellyn Rockwell Author -
Thomas Woods Historian -
Murray Rothbard Economist -
Olavo de Carvalho Philosopher -
Friedrich August von Hayek Economist -
Hans-Hermann Hoppe Economist -
Carl Menger Economist -
Ron Paul Former U.S. Representative -
John Maynard Keynes Economist -
Henry Hazlitt Journalist -
Milton Friedman Economist -
James M. Buchanan Economist -
Frederic Bastiat Economist -
Joseph A. Schumpeter Economist -
Ayn Rand Novelist