The desire for an increase of wealth can be satisfied through exchange, which is the only method possible in a capitalist economy, or by violence and petition as in a militarist society, where the strong acquire by force, the weak by petitioning. β¨ Ludwig von Mises (2016). Socialism - An Economic and Sociological Analysis: The Economist, p.336, VM eBooks
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- Action is an attempt to substitute a more satisfactory state of affairs for a less satisfactory one. We call such a willfully induced alteration an exchange. β¨ Ludwig Von Mises (1963). Human action: β¦ βΆ
- War prosperity is like the prosperity that an earthquake or a plague brings.
- 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 β¦ βΆ
- The real bosses in the capitalist system of market economy are the consumers. They by their buying and by their abstention from buying decide who should own the capital and run the plants. They deter β¦ βΆ
- Is still fulfilling its social function in supplying the consumers with more, better and cheaper goods. β¨ Ludwig Von Mises (1947). Planned Chaos, p.11, Ludwig von Mises Institute
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