The modern economist has become even more insistent in his belief that the ultimate forces underlying economic development lie, strictly speaking, outside the economic sphere. As Meir and Baldwin put it, half humorously, "economic development is much too serious to be left to economists.”.
David C. McClellandRelated topics
baldwin development economist half left lie outside speaking ultimateRelated quotes
Fundamentally, there are only two ways of coordinating the economic activities of millions. One is central direction involving the use of coercion the technique of the army and of the modern totalitarian state. The other is voluntary cooperation of individuals the technique of the marketplace.
Milton Friedman