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The market is not a place, a thing, or a collective entity. The market is a process, actuated by the interplay of the actions of the various individuals cooperating under the division of labor.

Ludwig von Mises

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Ludwig von Mises
Age: 92 †
Born: 1881
Born: September 29
Died: 1973
Died: October 10
Economist
Philosopher
University Teacher
Writer
Lemberg
Austria
Ludwig Heinrich Edler von Mises
Ludwig Heinrich Mises
Labor
Collectives
Process
Entity
Place
Collective
Thing
Division
Individuals
Actions
Actuated
Various
Interplay
Market
Cooperating

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Sovereignty must not be used for inflicting harm on anyone, whether citizen or foreigner.
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You call it a 'loophole' when the government still allows you some freedom.
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The alcoholic and the drug addict harm only themselves by their behavior the person who violates the rules of morality governing mans life in society harms not only himself, but everyone.
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The planner is a potential dictator who wants to deprive all other people of the power to plan and act according to their own plans. He aims at one thing only: the exclusive absolute preeminence of his own plan.
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The market economy-capitalism-is a social system of consumers' supremacy.
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The uncouth hordes of common men are not fit to recognize duly the merits of those who eclipse their own wretchedness.
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Under capitalism everybody is the architect of his own fortune.
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Freedom is indivisible. As soon as one starts to restrict it, one enters upon a decline on which it is difficult to stop.
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Nobody is in a position to decree what should make a fellow man happier.
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The system that would stand midway between capitalism and socialism.
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Do the American voters know that the unprecedented improvement in their standard of living that the last hundred years brought was the result of the steady rise in the per-head quota of capital invested? Do they realize that every measure leading to capital decumulation jeopardizes their prosperity?
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Scientific research sooner or later, but inevitably, encounters something ultimately given that it cannot trace back to something else of which it would appear as the regular or necessary derivative. Scientific progress consists in pushing further back this ultimately given.
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Thoughts and ideas are not phantoms. They are real things. Although intangible and immaterial, they are factors in bringing about changes in the realm of tangible and material things.
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It is impossible to understand the history of economic thought if one does not pay attention to the fact that economics as such is a challenge to the conceit of those in power.
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There is no reason why capitalists and entrepreneurs should be ashamed of earning profits.
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