Eric Maskin Quotes

Our message in NSW is government don't need to run businesses that are out of date when the private sector can do that better.

The best thing that governments can do is get out of business. When governments interfere less, managers can do their jobs better.

I have publicly talked about Mexico's need to open ourselves up to the participation of the private sector in the energy sector, however this doesn't mean privatizing state-run companies.

Privatization of the state-owned economy is not yet on the agenda. We cannot do it immediately; my colleagues would not agree to it. But we must put all forms of ownership on an equal footing immediately and let different types of ownership compete with the state firms.

Selling public property is the true Chicago way. Had Mr. Obama not been elected president, the nation's business journals would be falling over one another to praise his city for its daring, market-friendly innovations.

Take away the government's monopoly, and private groups will do it better.

We need to privatize whenever possible.

The analysis in the era of Ronald Reagan and Margaret Thatcher was that government was interfering with the efficiency of the economy through protectionism, government subsidies, and government ownership. Once the government "got out of the way," private markets would allocate resources efficiently and generate robust growth. Development would simply come.

We are in favor of greater free markets.

No city embraced privatization more eagerly than Chicago, where I live.

I think we need to significantly reduce the regulatory burden on the private sector. The Obama administration is doing the opposite. They're loading on more and more regulation on the private respect to how the economy functions.

If you go to India the roads are being built almost entirely with private sector money and by the private sector. If you look at many, many countries in Europe that's how they're doing it.

Many still believe that conducting political and economic reforms at the same time is not an Asian way. But this is a fairy-tale. We broke that old stereotype by reforming our political, economic and social systems concurrently since 1990.

Chicago's privatization mania began during Mayor Richard M. Daley's administration, which ran from 1989 to 2011. Under his successor, Rahm Emanuel, the trend has continued apace. For Rahm's investment banker buddies, the trend has been a boon. For citizens? Not so much.

I became a Conservative in the late 1980s because I could see that the Conservative party had transformed Britain's economy and our standing in the world compared to Labour in the 1980s.

Pemex becomes a productive company of the state, but it will have competition and can make associations with the private sector.

We are a mixed economy. We will remain a mixed economy. The public and private sector will continue to play a very important role. The private sector in our country has very ample scope and I am confident that India's entrepreneurs have the capacity, and the will to rise to the occasion.

That means following a very restrictive fiscal and monetary policy which will squeeze the monopolies and cut their subsidies. On the micro level we will allow other economic agents, both domestic and foreign, to compete with them.

I am not someone who tends to advocate for increased government involvement in the private sector.

Establishment of a market economy is seen as mostly involving destruction.

The line between what government does and what a company does is getting blurred.

A few years ago nationalization was the solution to most of our problems. Now, and keep this to yourself, it is an utter flop.

We saw that the free market economy was not enough when the Harvard boys failed to deliver free market capitalism to Russia after the Soviet Union collapsed.

We are on the our way to a free market economy. Regardless of the mistakes and omissions, the government has managed to implement a firm and consistent economic policy. Regardless of how incomplete it still is, the transition to free market relations and democracy has become irreversible.

… a future where we promote the private sector and not the privileged sector.