Quote

The entrepreneur profits to the extent he has succeeded in serving the consumers better than other people have done.

Ludwig von Mises

Change background

T
T
T

Change font

TAGS & TOPICS

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
Entrepreneur
Profit
Better
Done
Succeeded
People
Profits
Serving
Extent
Consumers

More quotes by Ludwig von Mises

Image
Man is not, like the animals, an obsequious puppet of instincts and sensual impulses. Man has the power to suppress instinctive desires, he has a will of his own, he chooses between incompatible ends.
Ludwig von Mises
Image
He who only wishes and hopes does not interfere actively with the course of events and with the shaping of his own destiny.
Ludwig von Mises
Image
When we call a capitalist society a consumers democracy we mean that the power to dispose of the means of production, which belongs to the entrepreneurs and capitalists, can only be acquired by means of the consumers ballot, held daily in the marketplace.
Ludwig von Mises
Image
During the 2300 years since Plato, very little opposition has been registered to his ideas.
Ludwig von Mises
Image
Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.
Ludwig von Mises
Image
Every socialist is a disguised dictator.
Ludwig von Mises
Image
Progressive taxation of income and profits means that precisely those parts of the income which people would have saved and invested are taxed away
Ludwig von Mises
Image
Anarchism misunderstands the real nature of man. It would be practicable only in a world of angels and saints
Ludwig von Mises
Image
In all countries with a settled bureaucracy people used to say: The cabinets come and go, but the bureaus remain.
Ludwig von Mises
Image
A nation, therefore, has no right to say to a province: You belong to me, I want to take you. A province consists of its inhabitants. If anybody has a right to be heard in this case it is these inhabitants. Boundary disputes should be settled by plebiscite.
Ludwig von Mises
Image
Economic knowledge necessarily leads to liberalism
Ludwig von Mises
Image
The consumers suffer when the laws of the country prevent the most efficient entrepreneurs from expanding the sphere of their activities. What made some enterprises develop into big business was precisely their success in filling best the demand of the masses.
Ludwig von Mises
Image
In a game there are winners and losers. But a business deal is always advantageous for both parties. If both the buyer and the seller were not to consider the transaction as the most advantageous action they could choose under the prevailing conditions, they would not enter into the deal.
Ludwig von Mises
Image
Economic control is not merely control of a sector of human life that can be separated from the rest it is the control of the means for all our ends.
Ludwig von Mises
Image
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?
Ludwig von Mises
Image
It is always the individual who thinks. Society does not think any more than it eats or drinks. The evolution of human reasoning from the naive thinking of primitive man to the more subtle thinking of modern science took place within society. However, thinking itself is always an achievement of individuals.
Ludwig von Mises
Image
Economics must not be relegated to classrooms and statistical offices and must not be left to esoteric circles. It is the philosophy of human life and action and concerns everybody and everything. It is the pith of civilization and of man's human existence.
Ludwig von Mises
Image
You call it a 'loophole' when the government still allows you some freedom.
Ludwig von Mises
Image
Historical knowledge is indispensable for those who want to build a better world
Ludwig von Mises
Image
The struggle for freedom is ultimately not resistance to autocrats or oligarchs but resistance to the despotism of public opinion.
Ludwig von Mises