1. Quotes
  2. Authors
  3. David D. Friedman

David D. Friedman Quotes

David Director Friedman is an American economist, physicist, legal scholar, and libertarian theorist. He is known for his textbook writings on microeconomics and the libertarian theory of anarcho-capitalism, which is the subject of his most popular book, The Machinery of Freedom. Besides The Machinery of Freedom, he has authored several other books and articles, including Price Theory: An Intermediate Text , Law's Order: What Economics Has to Do with Law and Why It Matters , Hidden Order: The Economics of Everyday Life , and Future Imperfect . Wikipedia  

✵ 12. February 1945
David D. Friedman photo

Works

The Machinery of Freedom
The Machinery of Freedom
David D. Friedman
David D. Friedman: 12   quotes 0   likes

Famous David D. Friedman Quotes

“I predict that, if anarcho-capitalist institutions appeared in this country tomorrow, heroin would be legal in New York and illegal in most other places.”

David D. Friedman book The Machinery of Freedom

Source: The Machinery of Freedom, 1973, p.128

“Legal rules are to be judged by the structure of incentives they establish and the consequences of people altering their behavior in response to those incentives”

David D. Friedman

Source: Law's Order: What Economics Has to Do With Law and Why It Matters, 2001, p.11

“In the ideal socialist state, power will not attract power freaks. People who make decisions will show no slightest bias towards their own interests. There will be no way for a clever man to bend the institutions to serve his own ends. And the rivers will run uphill.”

David D. Friedman book The Machinery of Freedom

Source: The Machinery of Freedom, 1973, p.108

“David D. Friedman is the one of the most important living anarcho-capitalist philosophers. He has added a philosopher's insistence on consistency to the firm grasp of economic principles he presumably learned at the paternal knees.”

David D. Friedman

In The Pragmatist. (1998), Vol.14, p. 77
About

“We must ask, not whether an anarcho-capitalist society would be safe from a power grab by the men with the guns (safety is not an available option), but whether it would be safer than our society is from a comparable seizure of power by the men with the guns. I think the answer is yes. In our society, the men who must engineer such a coup are politicians, military officers, and policemen, men selected precisely for the characteristic of desiring power and being good at using it. They are men who already believe that they have a right to push other men around - that is their job. They are particularly well qualified for the job of seizing power. Under anarcho-capitalism the men in control of protection agencies are selected for their ability to run an efficient business and please their customers. It is always possible that some will turn out to be secret power freaks as well, but it is surely less likely than under our system where the corresponding jobs are labeled 'non-power freaks need not apply.”

David D. Friedman book The Machinery of Freedom

Source: The Machinery of Freedom, 1973, pp. 123-124

“Perhaps the best way to see why anarcho-capitalism would be much more peaceful than our present system is by analogy. Consider our world as it would be if the cost of moving from one country to another were zero. Everyone lives in a housetrailer and speaks the same language. One day, the president of France announces that because of troubles with neighboring countries, new military taxes are being levied and conscription will begin shortly. The next morning the president of France finds himself ruling a peaceful but empty landscape, the population having been reduced to himself, three generals, and twenty-seven war correspondents.”

David D. Friedman book The Machinery of Freedom

Source: The Machinery of Freedom, 1973, p.123

“The direct use of physical force is so poor a solution to the problem of limited resources that it is commonly employed only by small children and great nations.”

David D. Friedman book The Machinery of Freedom

Source: The Machinery of Freedom, 1973, p.4

“If we want to be honest, we can ship the Statue of Liberty back to France or replace the outdated verse with new lines, "America the closed preserve/ That dirty foreigners don't deserve."”

David D. Friedman book The Machinery of Freedom

Source: The Machinery of Freedom, 1973, p.71

“The tendency to be rational is the consistent and hence predictable element in human behavior.”

David D. Friedman

Source: Price Theory: An Intermediate Text, 1986, p.4

David D. Friedman Quotes about people

“[T]he assumption describes our actions, not our thoughts. If you had to understand something intellectually in order to do it, none of us would be able to walk.
Economics is based on the assumption that people have reasonably simple objectives and choose means to achieve them. Both assumptions are false-but useful.
Suppose someone is rational only half the time. Since there is generally one right way of doing things and many wrong ways, the rational behavior can be predicted but the irrational cannot. If we assume he is rational, we predict his behavior correctly about half of the tie - far from perfect, but a lot better then nothing. If I could do well at the racetrack I would be a very rich man.
[R]ationality is an assumption I make about other people. I know myself.
[R]ationality is an assumption I make about other people. I know myself well enough to allow for the consequences of my own irrationality. But for the vast mass of my fellow humans, about whom I know very little, rationality is the best predictive assumption available.”

David D. Friedman

As cited in Ronald J. Baker (2010) Implementing Value Pricing: A Revolutionary Business Model for Professional Firms. p. 122
Source: Hidden Order: The Economics of Everyday Life, 1996, pp.3-5

“Economics is that way of understanding behavior that starts from the assumption that people have objectives and tend to choose the correct way to achieve them.”

David D. Friedman

Price Theory: An Intermediate Text, 1986

“An ideal objectivist society with a limited government is superior to an anarcho-capitalist society in precisely the same way that an ideal socialist society is superior to a capitalist society. Socialism does better with perfect people than anarcho-capitalism with imperfect. And it is better to wear a bikini with the sun shining than a raincoat when it is raining. That is no argument against carrying an umbrella.”

David D. Friedman book The Machinery of Freedom

Source: The Machinery of Freedom, 1973, p.134

Similar authors

Ludwig von Mises photo
Ludwig von Mises 62
austrian economist
Kenneth Arrow photo
Kenneth Arrow 37
American economist
Rosa Luxemburg photo
Rosa Luxemburg 56
Polish Marxist theorist, socialist philosopher, and revolut…
Leon M. Lederman photo
Leon M. Lederman 6
American mathematician and physicist
Steven Weinberg photo
Steven Weinberg 46
American theoretical physicist
Thomas J. Sargent photo
Thomas J. Sargent 10
American economist
Paul A. Samuelson photo
Paul A. Samuelson 47
American economist
Theodore Schultz photo
Theodore Schultz 15
American economist
Albert A. Michelson photo
Albert A. Michelson 5
American physicist
Douglass C. North photo
Douglass C. North 18
American Economist