Quotessence
Home / Quotes / Quote by Ludwig von Mises

Quote by Ludwig von Mises

Work

Socialism - An Economic and Sociological Analysis: The Economist

Socialism - An Economic and Sociological Analysis: The Economist is a comprehensive study that delves into the economic and sociological aspects of socialism. The text examines the theoretical underpinnings and practical applications of socialist systems, providing a detailed analysis from The Economist's viewpoint. 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

You May Also Like

“The market performs miracles so routinely that we take it for granted. Supermarkets provide 30,000 choices at rock-bottom prices. We take it for granted that when we stick a piece of plastic in a wall, cash will come out; that when we give the same plastic to a stranger, he will rent us a car, and the next month, Visa will have the accounting correct to the penny. By contrast, "experts" in government can't even count the vote accurately.”

“Wal-Mart has become the whipping boy for political demagogues, unions and anti-traders. I suggest that they have the wrong target.... Wal-Mart exists and prospers because tens of millions of Americans find Wal-Mart to be a suitable source of goods and services..... unions and anti-traders should direct their outrage and condemnation at the tens of millions of Americans who shop at Wal-Mart and keep it in business.”