It’s so hard for people to get out of the notion that life is a zero-sum game. They think if one man benefits,... — Milton Friedman

It’s so hard for people to get out of the notion that life is a zero-sum game. They think if one man benefits, another must lose. But in a free market, both people can benefit.

Author: Milton Friedman

Insight: We assume someone else's win must be our loss—like a coworker's promotion threatens our chances. But trading works differently: you give money, they give coffee, both better off. The real trap isn't competition; it's believing there's only one slice of pie.

Source: Interview with Richard Heffner, The Open Mind (December 7, 1975)

It’s so hard for people to get out of the notion that life is a zero-sum game. They think if one man benefits, another must lose. But in a free market, both people can benefit.

Milton FriedmanInterview with Richard Heffner, The Open Mind (December 7, 1975)

Insight

We assume someone else's win must be our loss—like a coworker's promotion threatens our chances. But trading works differently: you give money, they give coffee, both better off. The real trap isn't competition; it's believing there's only one slice of pie.

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Milton Friedman

Milton Friedman (1912–2006) was an influential American economist and a leading advocate of free-market capitalism. He was known for his work on monetary policy, advocating for deregulation, and promoting the importance of individual choice and competition in the market. Friedman received the Nobel Prize in Economics in 1976 for his contributions to the field.

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