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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.

Murray Rothbard quote about big business, government intervention, subsidies, and free marketsCopyright © yoice.net – Quote Artwork
5. June 2020
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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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Quote image featuring Charles Wright Mills on the relationship between market sovereignty and political powerCopyright © yoice.net – Quote Artwork
19. September 2017
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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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Quote image featuring Ludwig von Mises and the fundamental law of the marketCopyright © yoice.net – Quote Artwork
11. September 2020
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"The fundamental law of the market is: the customer is always right." Ludwig von Mises
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Quote by Wolfgang Streeck about markets deciding economic order and political powerlessnessCopyright © yoice.net – Quote Artwork
14. January 2022
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"We don't decide anything. It's decided for us: by the 'markets' and, following their lead, by governments. One has to be careful with language, not to talk oneself into a responsibility one doesn't actually have or that's being taken away from one. 'We' don't need to consider what we'd prefer, because it doesn't matter anyway. Questions of economic order and the distribution of economic benefits are currently decided by summits and central bankers under pressure from large corporations, especially the financial sector. 'We' will only have a say when we understand that, fundamentally, we have no say at all." Wolfgang Streeck
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Quote image featuring Murray Rothbard on the free market and competitionCopyright © yoice.net – Quote Artwork
5. June 2018
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"The essence and the glory of the free market is that individual firms and businesses, competing on the market, provide an ever-changing orchestration of efficient and progressive goods and services: continually improving products and markets, advancing technology, cutting costs, and meeting changing consumer demands as swiftly and as efficiently as possible." Murray Rothbard
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Ludwig von Mises quote about capitalism and personal responsibilityCopyright © yoice.net – Quote Artwork
11. September 2020
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"Under capitalism everybody is the architect of his own fortune." Ludwig von Mises
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