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Quote by Ludwig von Mises

“The characteristic feature of capitalism that distinguishes it from pre-capitalist methods of production was its new principle of marketing. Capitalism is not simply mass production, but mass production to satisfy the needs of the masses.”

Quote by Ludwig von Mises

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Ludwig von Mises
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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Book:Anti-Capitalistic Mentality, The
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Book:Omnipotent Government: The Rise of the Total State and Total War
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“The capitalistic social order, therefore, is an economic democracy in the strictest sense of the word. In the last analysis, all decisions are dependent on the will of the people as consumers. Thus, whenever there is a conflict between the consumers' views and those of the business managers, market pressures assure that the views of the consumers win out eventually.”

PeopleLastsOrderWinningSocialDecisionViewsDemocracyEconomicConflictCapitalismPressureManagersConsumersAnalysisDependentSocial Order
Book:On the Manipulation of Money and Credit
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