American - Economist | January 13, 1937 -
Whoever claims that economic competition represents 'survival of the fittest' in the sense of the law of the jungle, provides the clearest possible evidence of his lack of knowledge of economics.
George Reisman
KnowledgeCompetitionLawEconomics
The slaves of socialism are slaves, but they are no one's property and therefore no one's loss.
SocialismLossPropertySlaves
Under capitalism each individual engages in economic planning.
FinanceCapitalismPlanningEconomic
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