"The British system denied any role for human creativity, and instead argued, that if man merely followed his hedonistic desires, pursuing pleasure and avoiding pain, objective laws would naturally guide society to achieve the best allocation of wealth"

This quote by Robert Trout is referring to the British system of economics, which was based upon the idea that human creativity had no function in the economy. Rather, it argued that if people followed their own desires for pleasure and prevented pain, then objective laws would naturally cause the best allotment of wealth. This system was based upon the concept that individuals should be permitted to pursue their own interests, which the economy would naturally adapt to the requirements of society. This system was seen as a way to ensure that the economy would stay stable and that the wealth would be dispersed fairly. However, this system was criticized for not considering the function of human creativity and development in the economy, and for not recognizing the significance of federal government intervention in the economy.