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Quote by Ludwig von Mises

“The characteristic mark of economic history under capitalism is unceasing economic progress, a steady increase in the quantity of capital goods available, and a continuous trend toward an improvement in the general standard of living.”

Quote by Ludwig von Mises

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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“The characteristic feature of capitalism that distinguishes it from pre-capitalist methods of production was its new principle of marketing. Capitalism is not simply mass production, but mass production to satisfy the needs of the masses.”

Needs Principles Mass Capitalism Method Marketing Productions Features Characteristics Capitalist Mass Production

Author: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.”

Mean Social Economy Capitalism Labor Productions Division Cooperation Ownership Market Economy Division Of Labor

Book:Bureaucracy

Source: Bureaucracy

“Capitalism is essentially a system of mass production for the satisfaction of the needs of the masses. It pours a horn of plenty upon the common man. It has raised the average standard of living to a height never dreamed of in earlier ages. It has made accessible to millions of people enjoyments which a few generations ago were only within the reach of a small élite.”

Source: Anti-Capitalistic Mentality, The

“The early industrialists were for the most part men who had their origin in the same social strata from which their workers came. They lived very modestly, spent only a fraction of their earnings for their households and put the rest back into the business.”

Men Social Capitalism Workers Household Earning Fractions

Author:Ludwig von Mises

“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.”

Source: Omnipotent Government: The Rise of the Total State and Total War

“The development of capitalism consists in everyone having the right to serve the consumer better or more cheaply.”

Development Capitalism Consumers

Author:Ludwig von Mises

“There is no western, capitalistic country in which the conditions of the masses have not improved in an unprecedented way.”

Way Country Conditions Mass Capitalism Western Unprecedented

Book:Economic Policy: Thoughts for Today and Tomorrow

Source: Economic Policy: Thoughts for Today and Tomorrow

“In spite of the anticapitalistic policies of all governments and of almost all political parties, the capitalist mode of production”

Government Political Party Policy Capitalism Productions Spite Capitalist Political Parties

Book:Planned Chaos

Source: Planned Chaos

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

Stills Social Capitalism Function Consumers Goods Fulfilling Cheaper

Book:Planned Chaos

Source: Planned Chaos

“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