We do not assert that the capitalist mode of economic calculation guarantees the absolutely best solution of the allocation of factors of production. Such absolutely perfect solutions of any problem are out of reach of mortal men. What the operation of a market not sabotaged by the interference of compulsion and coercion can bring about is merely the best solution accessible to the human mind under the given state of technological knowledge and the intellectual abilities of the age's shrewdest men.
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- It is not the fault of the entrepreneurs that the consumers,the people, the common man,prefer liquor to Bibles and detective stories to serious books, and that governments prefer guns to butter. The … ▶
- The continued existence of society depends upon private property. ✨ Ludwig von Mises (2016). Liberalism: The Classical Tradition: The Economist, p.73, VM eBooks
- All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts. ✨ Ludwig von Mises (2016). Socialism - An Economic and … ▶
- Those politicians, professors and union bosses who curse big business are fighting for a lower standard of living. ✨ Ludwig von Mises (1985). Theory and History, p.147, Ludwig von Mises Institute
- The capitalistic social order, therefore, is an economic democracy in the strictest sense of the word. In the last analysis, all decisions are dependent on the will of the people as consumers. Thus, … ▶
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