Ocupation: Economist
Life: July 31, 1912 - November 16, 2006
Birthday: July 31
Death: November 16
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.
topic: Army, Two, Liberty, Involving, Coordinating, Totalitarian State