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Quote by Ludwig von Mises

“Is still fulfilling its social function in supplying the consumers with more, better and cheaper goods.”

Quote by Ludwig von Mises

Book:Planned Chaos

Work

Planned Chaos is a speculative fiction novel that delves into the interplay between chaos and order in a thought-provoking narrative. The story unfolds in a world where the balance between the two is a central concern, offering readers a richly imagined backdrop for its exploration. 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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“It is inherent in the nature of the capitalistic economy that, in the final analysis, the employment of the factors of production is aimed only toward serving the wishes of consumers.”

Wish Economy Capitalism Finals Productions Factors Employment Consumers Analysis Serving Inherent Factors Of Production

Book:On the Manipulation of Money and Credit

Source: On the Manipulation of Money and Credit

“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.”

People Lasts Order Winning Social Decision Views Democracy Economic Conflict Capitalism Pressure Managers Consumers Analysis Dependent Social Order

Book:On the Manipulation of Money and Credit

Source: On the Manipulation of Money and Credit

“The capitalist system of production is an economic democracy in which every penny gives a right to vote. The consumers are the sovereign people. The capitalists, the entrepreneurs, and the farmers are the people's mandatories. If they do not obey, if they fail to produce, at the lowest possible cost, what”

People Ifs Giving Democracy Failing Economic Produce Cost Capitalism Vote Entrepreneur Productions Consumers Farmers Capitalist Sovereign Lowest Pennies Right To Vote

Book:Bureaucracy

Source: Bureaucracy

“The consumers are asking for, they lose their office. Their task is service to the consumer. Profit and loss are the instruments by means of which the consumers keep a tight rein on all business activities.”

Mean Loses Loss Activity Office Capitalism Tasks Asking Instruments Profit Consumers Reins Profit And Loss

Book:Bureaucracy

Source: Bureaucracy

“A short time ago the demagogues blamed capitalism for the poverty of the masses. Today they rather blame capitalism for the "affluence" that it bestows upon the common man.”

Men Today Common Poverty Mass Capitalism Blame Short Time Common Man Affluence

Author:Ludwig von Mises

“Capitalism gave the world what it needed, a higher standard of living for a steadily increasing number of people.”

People World Numbers Needed Higher Standards Capitalism Standards Of Living Higher Standards

Book:Human Action

Source: Human Action

“The word "Capitalism" expresses, for our age, the sum of all evil. Even the opponents of Socialism are dominated by socialist ideas.”

Ideas Age Evil Capitalism Socialism Opponents Socialist

Book:Socialism - An Economic and Sociological Analysis: The Economist

Source: Socialism - An Economic and Sociological Analysis: The Economist

“In the capitalist society there is a place and bread for all. Its ability to expand provides sustenance for every worker. Permanent unemployment is not a feature of free capitalism.”

Ability Capitalism Workers Bread Permanent Features Capitalist Unemployment Sustenance

Book:Socialism - An Economic and Sociological Analysis: The Economist

Source: Socialism - An Economic and Sociological Analysis: The Economist

“We do not assert that the capitalist mode of economic calculation guarantees the absolutely best solution of the allocation of factors of production. Such absolutely perfect solutions of any problem are out of reach of mortal men. What the operation of a market not sabotaged by the interference of compulsion and coercion can bring about is merely the best solution accessible to the human mind under the given state of technological knowledge and the intellectual abilities of the age's shrewdest men.”

“All the talk about the so-called unspeakable horror of early capitalism can be refuted by a single statistic: precisely in these years in which British capitalism developed, precisely in the age called the Industrial Revolution in England, in the years from 1760 to 1830, precisely in those years the population of England doubled.”

Years Age Revolution Horror Capitalism England Population British Unspeakable Industrial Revolution

Book:Economic Policy: Thoughts for Today and Tomorrow

Source: Economic Policy: Thoughts for Today and Tomorrow