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Quote by Ludwig von Mises

“Capitalism or market economy is that system of social cooperation and division of labor that is based on private ownership of the means of production.”

Quote by Ludwig von Mises

Book:Bureaucracy
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Work

Bureaucracy

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

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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PeopleMenNeedsMadeAgeCommonMillionsGenerationsMassStandardsCapitalismRaisedAverageSatisfactionProductionsPlentyHeightEnjoymentHornsStandards Of LivingCommon ManMass Production
Book:Anti-Capitalistic Mentality, The
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“Many pioneers of these industrial changes, it is true, became rich. But they acquired their wealth by supplying the public with motor cars, airplanes, radio sets, refrigerators, moving and talking pictures, and variety of less spectacular but no less useful innovations. These new products were certainly not an achievement of offices and bureaucrats.”

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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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“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”

PeopleIfsGivingDemocracyFailingEconomicProduceCostCapitalismVoteEntrepreneurProductionsConsumersFarmersCapitalistSovereignLowestPenniesRight To Vote
Book:Bureaucracy
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