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We do not need to understand economics in order to experience the benefits of freedom of exchange and production. But we may very well need to understand economics in order to sustain and maintain the institutional framework that enables us to realize the benefits that flow from freedom of exchange and production.

Peter Boettke

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Peter Boettke
Age: 64
Born: 1960
Born: January 3
Basketball Coach
Economist
University Teacher
Rahway
New Jersey
Understand
Production
Experience
Productions
Order
Economics
Institutional
May
Flow
Enables
Wells
Benefits
Sustain
Well
Realize
Framework
Need
Realizing
Exchange
Needs
Freedom
Maintain

More quotes by Peter Boettke

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The natural proclivity of democratic governments is to pursue public policies which concentrate benefits on the well-organized and well-informed, and disperse the costs on the unorganized and ill-informed.
Peter Boettke
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If you bound the arms and legs of gold-medal swimmer Michael Phelps, weighed him down with chains, threw him in a pool and he sank, you wouldn't call it a 'failure of swimming.' So, when markets have been weighted down by inept and excessive regulation, why call this a 'failure of capitalism'?
Peter Boettke