“The consumers are merciless. They never buy in order to benefit a less efficient producer and to protect him against the consequences of his failure to manage better. They want to be served as well as possible. And the working of the capitalist system forces the entrepreneur to obey the orders issued by the consumers.”
Quote by Ludwig von Mises
Work
Bureaucracy: The Economist
This book delves into the complexities of bureaucratic systems, examining their origins, organization, and impact on society. Written by The Economist, it offers a comprehensive look at the challenges and benefits of bureaucratic governance. more
Author
Ludwig von Mises
Ludwig von Mises was a prominent economist, philosopher, and social theorist born on September 29, 1881, in Austria, and passed away on October 10, 1973. He is considered one of the most influential economists of the 20th century and a leading advocate for free-market economics. more
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