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Quote by Ludwig von Mises

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Economic Policy: Thoughts for Today and Tomorrow

This book delves into the complexities of economic policy, analyzing its impact on current economic conditions and forecasting potential outcomes for the future. more

Author

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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“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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“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”

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Book:Bureaucracy
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