Invisible Hand Quotes

Capitalism is not a perfect system. It may be better than all the other systems, but it's not a perfect system.

Market fundamentalists recognize that the role of the state in the economy is always disruptive, inefficient, and generally has negative connotations. This leads them to believe that the market mechanism can take care of all the problems.

If, however, a government refrains from regulations and allows matters to take their course, essential commodities soon attain a level of price out of the reach of all but the rich, the worthlessness of the money becomes apparent, and the fraud upon the public can be concealed no longer.

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

The conservative argument is that the economy is like the weather, that it just operates automatically.

The most important single central fact about a free market is that no exchange takes place unless both parties benefit.

Capitalism is an art form.

I started out by viewing the marketplace as a cruel place, where you need intervention by government and lawyers to protect people. But after watching the regulators work, I have come to believe that markets are magical and the best protectors of the consumer. It is my job to explain the beauties of the free market.

The advantage of a free market is that it allows millions of decision-makers to respond individually to freely determined prices, allocating resources - labor, capital and human ingenuity - in a manner that can't be mimicked by a central plan, however brilliant the central planner.

Some critics accuse capitalism of being a selfish system, but the selfishness is not in capitalism - it is in human nature.

Though my heart may be left of centre, I have always known that the only economic system that works is a market economy... This is the only natural economy, the only kind that makes sense, the only one that can lead to prosperity, because it is the only one that reflects the nature of life itself.

They say that open markets are the solution to everything and, if left alone, the invisible hand will solve all problems. Sadly, the reason the invisible hand often appears invisible is that, quite often, it is not there.

What we call the market is really a democratic process involving millions, and in some markets billions, of people making personal decisions that express their preferences. When you hear someone say that he doesn't trust the market, and wants to replace it with government edicts, he's really calling for a switch from a democratic process to a totalitarian one.

We need to move back toward a free market.

In my book, 'The Big Three in Economics,' I found that the press has frequently and prematurely written the obituary of Adam Smith and his free-market philosophy, only to see a new and more vibrant global marketplace reemerge after being savagely attacked by Keynesians, Marxists, and assorted socialists.

The free market is the most efficient for utilizing resources and responding to needs, but there are many human needs which find no place on the market.

I believe in our free market system.

Let's take Adam Smith, the patron-saint of capitalism, what did he think? He thought the main human instinct was sympathy. In fact, take a look at the word "invisible hand." Which, of course, you learned about, or you think you've learned about. Take a look at the actual way in which he used the phrase. There is almost no relation to what is claimed.

What America needs is not Robin Hood but Adam Smith.

The market is the best garden.

It really is not that complicated, I just don’t understand HOW people don’t grasp the concept of ‘Free Market’, and why left alone, it WORKS!

The basis of the free market is anytime you can generate revenue or profit, you've created value in excess of the resources you consume in a society. That's probably the most unbiased utility function there is, as opposed to someone's opinion.

The invisible hand of the market always moves faster and better than the heavy hand of government.

Unrestricted laissez faire capitalism allocates resources in a most efficient way to satisfy human wants without regard to the rationality or morality of those desires.

Capitalism is a great idea in theory, but in practice it just doesn't work.