Capitalism Quote by Ludwig von Mises
“Capitalism or market economy is that system of social cooperation and division of labor that is based on private ownership of the means of production.”
About This Quote
Source Book: Human Action, 1949
Capitalism organizes production through private ownership, enabling cooperation and specialization.
In simple terms: Private ownership drives cooperation.
Support private property rights.
Themes
Mood
Type
When to use this quote
- business
- policy
- education
- investment
Key Concepts
Questions to Reflect On
- How does ownership affect inequality?
- What limits exist?
Can ignore externalities.