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Quote by James M. Buchanan on Profit Orientation and Investment

„People share a universal behavioural trait: if there are profits to be made, the effort to get that money will attract investment. This is true in the private sector, the market sector, as well as the public sector.“

James M. BuchananJames M. Buchanan explains the universal tendency of people to invest where profits can be made.
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James M. Buchanan was an American economist and Nobel laureate, known for his work on public choice theory.

The quote explains a fundamental economic behavior regarding profit orientation across different sectors.


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James M. Buchanan quote about profit opportunities attracting investment

James M. Buchanan (1919–2013) was an American economist best known for developing public choice theory, analyzing political behavior using economic principles. He was awarded the Nobel Prize in Economic Sciences in 1986.

James M. Buchanan quote about politicians, bureaucrats, and incentivesCopyright © yoice.net – Quote Artwork
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"Politicians and bureaucrats are no different from the rest of us. They will maximize their incentives just like everybody else." James M. Buchanan
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"He who serves the public best, makes the highest profits." Ludwig von Mises
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"Everything we know about human nature and about government tells us that individuals using their own money will achieve far more good for themselves and far more for others than politicians spending money they didn't have to work to earn." Harry Edson Browne
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Noam Chomsky quote about state capitalism and privatized profitCopyright © yoice.net – Quote Artwork
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"A basic principle of modern state capitalism is that costs and risks are socialized to the extent possible, while profit is privatized." Noam Chomsky
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Quote image featuring Murray Rothbard's perspective on the state and private economyCopyright © yoice.net – Quote Artwork
2. March 2021
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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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Erich Fromm quote about property, profit, acquisition, and conformityCopyright © yoice.net – Quote Artwork
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"A society whose principles are acquisition, profit, and property produces a social character oriented around having, and once the dominant pattern is established, nobody wants to be an outsider, or indeed an outcast; in order to avoid this risk everybody adapts to the majority, who have in common only their mutual antagonism." Erich Fromm
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