Quote by Ludwig von Mises on the Market as Democracy

„The market is a democracy in which every penny gives a right to vote.“

Ludwig von MisesLudwig von Mises describes the market as a democracy where every penny gives a right to vote.
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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 market economy principle as a form of democracy where financial resources act as votes.


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Quote image featuring Ludwig von Mises on the market as democracy

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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