Milton Friedman quote about state from Capitalism and Freedom - Fundamentally, there are only two ways of co-ordinating 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.
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“ Fundamentally, there are only two ways of co-ordinating 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. ”
 Milton Friedman, Capitalism and Freedom (1962). copy citation

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Author Milton Friedman
Source Capitalism and Freedom
Topic state cooperation market
Date 1962
Language English
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Milton Friedman quote about state from Capitalism and Freedom - Fundamentally, there are only two ways of co-ordinating 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.
Milton Friedman quote about state from Capitalism and Freedom - Fundamentally, there are only two ways of co-ordinating 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.