Quote of the Day
Authors Categories Blog Quote Maker Videos
 

Milton Friedman Quotes: Adam Smith's key insight was that both parties to an exchange can benefit and that, so long as cooperation is strictly voluntary, no exchange can take place unless both parties do benefit.
         

Adam Smith's key insight was that both parties to an exchange can benefit and that, so long as cooperation is strictly voluntary, no exchange can take place unless both parties do benefit.


Milton Friedman
Check all other quotes by Milton Friedman

Want to display this quote image on your website or blog? Simply copy and paste the below code on your website/blog.

Embed:

Format of this image is jpg. The width and height of image are 1200 and 630, repectively. This image is available for free to download.





Citation

Use the citation below to add this quote to your bibliography:


Styles:

×

MLA Style Citation


"Milton Friedman Quotes." Quoteslyfe.com, 2024. Thu. 02 May. 2024. <https://www.quoteslyfe.com/quote/Adam-Smith-s-key-insight-was-that-899829>.





Check out


Other quotes of Milton Friedman


A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.

A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.



If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.

If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.



Underlying most arguments against the free market is a lack of belief in freedom itself.

Underlying most arguments against the free market is a lack of belief in freedom itself.



You cannot be sure that you are right unless you understand the arguments against your views better than your opponents do.

You cannot be sure that you are right unless you understand the arguments against your views better than your opponents do.



The essential notion of a capitalist society ... is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.

The essential notion of a capitalist society ... is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.



I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.

I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.



The great advances of civilization, whether in architecture or painting, in science or literature, in industry or agriculture, have never come from centralized government.

The great advances of civilization, whether in architecture or painting, in science or literature, in industry or agriculture, have never come from centralized government.



Nothing is so permanent as a temporary government program.

Nothing is so permanent as a temporary government program.



You cannot simultaneously have free immigration and a welfare state.

You cannot simultaneously have free immigration and a welfare state.



The government solution to a problem is usually as bad as the problem.

The government solution to a problem is usually as bad as the problem.





Other quotes you may like


She inhabited a world from which I was excluded, and she had left me in an immense empty space.

She inhabited a world from which I was excluded, and she had left me in an immense empty space.



I was determined to share my positive approach and not let diabetes stand in the way of enjoying my life.

I was determined to share my positive approach and not let diabetes stand in the way of enjoying my life.



America is not the crude stereotype of a self-interested empire. Given our interdependence, any world order that elevates one nation or group of people over another will inevitably fail.

America is not the crude stereotype of a self-interested empire. Given our interdependence, any world order that elevates one nation or group of people over another will inevitably fail.



The most dangerous thing about power is to employ it where it is not applicable.

The most dangerous thing about power is to employ it where it is not applicable.



There's nothing better than an actor who is really, really hungry to show everything they've got.

There's nothing better than an actor who is really, really hungry to show everything they've got.



As long as you are held within a pattern you must create disorder in the world.

As long as you are held within a pattern you must create disorder in the world.



How sweet it is to die if one has lived on the Cross!

How sweet it is to die if one has lived on the Cross!



Game recognize game in The Bay mane.

Game recognize game in The Bay mane.



I tried several things and this was the only one I enjoyed doing.

I tried several things and this was the only one I enjoyed doing.



I like to have a hectic schedule.

I like to have a hectic schedule.




Quote Description


This page presents the quote "Adam Smith's key insight was that both parties to an exchange can benefit and that, so long as cooperation is strictly voluntary, no exchange can take place unless both parties do benefit.". Author of this quote is Milton Friedman. This quote is about party, insight, adam, long, keys, cooperation,.