The Fundamental Law of the Market – Quote by Ludwig von Mises

„The fundamental law of the market is: the customer is always right.“

Ludwig von MisesQuote by Ludwig von Mises: 'The fundamental law of the market is: the customer is always right.' Significance in economic context.
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Ludwig von Mises was an Austrian economist, social philosopher, and one of the leading figures of the Austrian School of economics.

This quote emphasizes the central importance of the customer in the market according to Ludwig von Mises.


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Ludwig von Mises (1881–1973) was a prominent Austrian economist and social philosopher, known for his contributions to the Austrian School of economics. He significantly influenced libertarian and free-market economic theory and was a critic of socialism and interventionism.

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