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Planning for freedom, and twelve other essays and addresses

Book by Ludwig von Mises · 5 quotes · Ifs, Profit, Entrepreneur

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Planning for freedom, and twelve other essays and addresses Quotes

“All people, entrepreneurs as well as non-entrepreneurs, look askance upon any profits earned by other people. Envy is a common weakness of men. People are loath to acknowledge the fact that they themselves could have earned profits if they had displayed the same foresight and judgment the successful businessman did.”

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Book:Planning for freedom, and twelve other essays and addresses
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“There would not be any profits but for the eagerness of the public to acquire the merchandise offered for sale by the successful entrepreneur. But the same people who scramble for these articles vilify the businessman and call his profit ill-got.”

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Book:Planning for freedom, and twelve other essays and addresses
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“Capital does not 'beget profit' as Marx thought. The capital goods as such are dead things that in themselves do not accomplish anything. If they are utilized according to a good idea, profit results. If they are utilized according to a mistaken idea, no profit or losses result. It is the entrepreneurial decision that creates either profit or loss.”

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Book:Planning for freedom, and twelve other essays and addresses
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