The Role of Consumers in Capitalism – Ludwig von Mises Quote

„The real bosses, in the capitalist system of market economy, are the consumers.“

Ludwig von MisesLudwig von Mises emphasizes that consumers are the real decision-makers in the capitalist market system.
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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 about the role of consumers in the capitalist market system.


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Ludwig von Mises quote image about the role of consumers in 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.

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"While big-business leaders and firms can be highly productive, servants of consumers in a free market economy, they are also all too often, seekers after subsidies, contracts, privileges, or cartels furnished by big government. Often, business lobbyists and leaders are the sparkplugs for the statist, interventionist system." Murray Rothbard
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"The market is sovereign and in the magic economy of the small entrepreneur there is no authoritarian center... in the political sphere... the equilibrium of powers prevails, and hence there is no chance of despotism." Charles Wright Mills
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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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