Milton Friedman quote about freedom from Capitalism and Freedom - Exchange is truly voluntary only when nearly equivalent alternatives exist. Monopoly implies the absence of alternatives and thereby inhibits effective freedom of exchange.
pick facebookpinterest < prev picture source

“ Exchange is truly voluntary only when nearly equivalent alternatives exist. Monopoly implies the absence of alternatives and thereby inhibits effective freedom of exchange. ”
 Milton Friedman, Capitalism and Freedom (1962). copy citation

edit
Author Milton Friedman
Source Capitalism and Freedom
Topic freedom exchange monopoly
Date 1962
Language English
Reference
Note
Weblink

Meaning and analysis

write a note
report

More pictures

Milton Friedman quote about freedom from Capitalism and Freedom - Exchange is truly voluntary only when nearly equivalent alternatives exist. Monopoly implies the absence of alternatives and thereby inhibits effective freedom of exchange.
Milton Friedman quote about freedom from Capitalism and Freedom - Exchange is truly voluntary only when nearly equivalent alternatives exist. Monopoly implies the absence of alternatives and thereby inhibits effective freedom of exchange.