Quote by Ludwig von Mises on Capitalism and Needs

„Under capitalism everybody provides for their own needs by serving others.“

Ludwig von MisesLudwig von Mises explains how under capitalism everyone meets their needs by serving others.
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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 describes the functioning of capitalism from the perspective of Ludwig von Mises, a representative of the Austrian School.


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Ludwig von Mises quote about capitalism and providing for personal needs by serving others

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.

Ludwig von Mises quote image about capitalism and living standardsCopyright © yoice.net – Quote Artwork
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"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 Mises
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Inspirational quote image about markets, freedom, and individual self-interest by Harry BrowneCopyright © yoice.net – Quote Artwork
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"The marketplace is a wondrous institution. It harnesses the self-interest of each of us and puts it to work for the benefit of all. And it does so without intruding upon our desires, our privacy, or our freedom. It is regulation by reality, not by coercion." Harry Browne
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