“While under precapitalistic conditions superior men were the masters on whom the masses of the inferior had to attend, under capitalism the more gifted and more able have no means to profit from their superiority other than to serve to the best of their abilities the wishes of the majority of the less gifted.”
Quote by Ludwig von Mises
Work
Money, method, and the market process: essays
This book delves into the theoretical underpinnings of monetary economics and the principles that govern market processes. The essays within examine various aspects of economic theory and practice, offering insights into the functioning of financial systems and the methods used to analyze them. 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