Quote by Henry Hazlitt on Private and Public Sector

„The 'private sector' of the economy is, in fact, the voluntary sector; and the 'public sector' is, in fact, the coercive sector.“

Henry HazlittHenry Hazlitt describes the difference between private and public sectors as voluntary versus coercive.
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Henry Hazlitt was an American economic journalist and philosopher, known for his clear analyses of economic issues.

This quote by Henry Hazlitt distinguishes between the private and public economic sectors in terms of voluntariness and coercion.


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Quote graphic featuring Henry Hazlitt's perspective on the private and public sectors

Henry Hazlitt (1894–1993) was an American journalist, economist, and philosopher. He authored numerous books and articles advocating free-market economics. Hazlitt is best known for his book "Economics in One Lesson," which presents economic principles in an accessible way.

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"The public sector can only feed off the private sector; it necessarily lives parasitically upon the private economy. But this means that the productive resources of society - far from satisfying the wants of consumers - are now directed, by compulsion, away from these wants and needs. The consumers are deliberately thwarted, and the resources of the economy diverted from them to those activities desire by the parasitic bureaucracy and politicians." Murray Rothbard
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