Difference between revisions of "Notes:BC1.EF.Capitalism"
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| − | |HasArticleText=*George Gilder | + | |HasArticleText=Capitalism has two main features |
| − | :"The exigency, complexity, and multiplicity of life on earth become yearly more unfathomable to any tyrant or planner. No nation can grow and adapt to change except to the extent that it is capitalistic; except to the extent, in other words, that | + | #A free market |
| + | #Entrepreneurial disruption | ||
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| + | *Milton Friedman | ||
| + | :"Exchange can therefore bring about co-ordination without coercion. A working model of a society organized through voluntary exchange is a ''free private enterprise exchange economy''- what we have been callig competitive capitalism." (Freidman, ''Capitalism and Freedom'', chapter 1, pg. 13)<ref name="C&F">Friedman, Milton. ''Capitalism and Freedom''. Chicago. The University of Chicago Press. 1962, 1982, 2002.</ref> | ||
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| + | *George Gilder | ||
| + | :"The exigency, complexity, and multiplicity of life on earth become yearly more unfathomable to any tyrant or planner. No nation can grow and adapt to change except to the extent that it is capitalistic; except to the extent, in other words, that its productive wealth is diversely controlled and can be freely risked in new causes, flexibly applied to new purposes, and steadily transformed into new shapes and systems"<br>George Gilder; Wealth and Poverty, Chapter 1, pg 6<ref name="W&P">Gilder, George. ''Wealth and Poverty, A New Edition for the Twenty First Century''. Washington, DC. Regnery Publishing Inc. 2012</ref> | ||
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[[Category:Notes]] | [[Category:Notes]] | ||
Revision as of 14:26, 30 November 2014
2014/11/28 User:Jeff
Capitalism has two main features
- A free market
- Entrepreneurial disruption
- Milton Friedman
- "Exchange can therefore bring about co-ordination without coercion. A working model of a society organized through voluntary exchange is a free private enterprise exchange economy- what we have been callig competitive capitalism." (Freidman, Capitalism and Freedom, chapter 1, pg. 13)[1]
- George Gilder
- "The exigency, complexity, and multiplicity of life on earth become yearly more unfathomable to any tyrant or planner. No nation can grow and adapt to change except to the extent that it is capitalistic; except to the extent, in other words, that its productive wealth is diversely controlled and can be freely risked in new causes, flexibly applied to new purposes, and steadily transformed into new shapes and systems"
George Gilder; Wealth and Poverty, Chapter 1, pg 6[2]
