"Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another"
- Milton Friedman
About this Quote
Milton Friedman is describing the typical mistaken belief that financial situations are a zero-sum game, where one celebration's gain must come at the expenditure of another. He believes that this assumption causes many economic fallacies and misunderstandings. In truth, Friedman argues that the economy is not a repaired pie, however rather vibrant and constantly changing, developing chances for both parties to benefit and grow together. This quote highlights the significance of understanding the intricacy of economics and the threats of oversimplification.
This quote is written / told by Milton Friedman between July 31, 1912 and November 16, 2006. He/she was a famous Economist from USA.
The author also have 34 other quotes.
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