Quotation of the Day…

by Don Boudreaux on April 16, 2017

in Competition, Complexity & Emergence

… is from page 186 of the 2016 Mercatus Center re-issue of my late colleague Don Lavoie’s excellent 1985 volume National Economic Planning: What Is Left?:

UnknownRejuvenating the American economy cannot be accomplished without relying on the knowledge supplied by competition as to which specific lines of production to discard and which to pursue.

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