Quote by Ludwig von Mises on the Development of Capitalism

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

Ludwig von MisesLudwig von Mises explains the development of capitalism as the right to serve the consumer better or more cheaply.
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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 reflects Ludwig von Mises' view on the progress of capitalism through competition in serving the consumer.


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Ludwig von Mises quote image about the development of capitalism

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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