Quote by Ludwig von Mises on the Importance of Profit and Society

„The elimination of profit, whatever methods may be resorted to for its execution, must transform society into a senseless jumble. It would create poverty for all.“

Ludwig von MisesLudwig von Mises warns of the consequences of eliminating profit, which would cause poverty and societal chaos.
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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 by Ludwig von Mises highlights the importance of profit in the economy and warns about the consequences of its elimination.


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Ludwig von Mises quote about the importance of profit in society

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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"A better distribution of incomes would increase that efficiency by diverting a great fund of wealth from the useless to the useful members of society. To cut off the income of the useless will not impair their efficiency. They have none to impair. It will, in fact, compel them to acquire a useful function." Walter Lippmann
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Ludwig von Mises quote about socialism, destruction, and private ownershipCopyright © yoice.net – Quote Artwork
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"Socialism is not in the least what it pretends to be. It is not the pioneer of a better and finer world, but the spoiler of what thousands of years of civilization have created. It does not build, it destroys. For destruction is the essence of it. It produces nothing, it only consumes what the social order based on private ownership in the means of production has created." Ludwig von Mises
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Ludwig von Mises quote about economic policy and state interventionCopyright © yoice.net – Quote Artwork
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"State interference in economic life, which calls itself economic policy, has done nothing but destroy economic life. Prohibitions and regulations have by their general obstructive tendency fostered the growth of the spirit of wastefulness." Ludwig von Mises
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