Ludwig von Mises on Capitalism and Living Standards

„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.“

Ludwig von MisesLudwig von Mises describes capitalism as a driver of rising living standards and mass production for people's needs.
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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.

Quote by Ludwig von Mises on the role of capitalism in raising living standards and enabling mass production.


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Ludwig von Mises quote image about capitalism and living standards

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.

Ayn Rand quote about capitalism and living standardsCopyright © yoice.net – Quote Artwork
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"Capitalism has been called a system of greed—yet it is the system that raised the standard of living of its poorest citizens to heights no collectivist system has ever begun to equal, and no tribal gang can conceive of." Ayn Rand
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Capitalism and socialism quote by Ludwig von MisesCopyright © yoice.net – Quote Artwork
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"Capitalism means free enterprise, sovereignty of the consumers in economic matters, and sovereignty of the voters in political matters. Socialism means full government control of every sphere of the individuals life and the unrestricted supremacy of the government in its capacity as central board of production management." Ludwig von Mises
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Edward Bernays quote about mass production, steady sales, and the creation of consumer demandCopyright © yoice.net – Quote Artwork
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"Mass production is only profitable if its rhythm can be maintained.. that is, if it can continue to sell its product in steady or increasing quantity. The result is that while, under the handicraft or small-unit system of production that was typical a century ago, demand created the supply, today supply must actively seek to create its corresponding demand." Edward Bernays
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