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Quote by Ludwig von Mises

“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.”

Quote by Ludwig von Mises

Book:Bureaucracy

Work

This book delves into the complexities of bureaucracy, examining its origins, functions, and effects on various aspects of life, including government, business, and everyday interactions. 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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“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

“The market economy-capitalism-is a social system of consumers' supremacy.”

Social Economy Capitalism Consumers Supremacy Market Economy Social Systems

Book:Money, method, and the market process: essays

Source: Money, method, and the market process: essays

“Capitalism needs neither propaganda nor apostles. Its achievements speak for themselves. Capitalism delivers the goods.”

Needs Speak Achievement Capitalism Propaganda Goods Apostles

Book:Money, method, and the market process: essays

Source: Money, method, and the market process: essays

“The system that would stand midway between capitalism and socialism.”

Capitalism Socialism Midway Capitalism And Socialism

Book:Anti-Capitalistic Mentality, The

Source: Anti-Capitalistic Mentality, The

“Fact is Our Lord knew all about the power of money: He gave capitalism a tiny niche in His scheme of things, He gave it a chance, He even provided a first installment of funds. Can you beat that? It's so magnificent. God despises nothing. After all, if the deal had come off, Judas would probably have endowed sanatoriums, hospitals, public libraries or laboratories.”

Ifs Firsts Facts Chance Deals Lord Beats Capitalism Library Tiny Fund Hospitals Despise Schemes Magnificent Our Lord Laboratory Niche Public Library Judas

Book:The Diary of a Country Priest

Source: The Diary of a Country Priest