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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.” quote by Ludwig von Mises
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“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.”

Ludwig von Mises

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.

Key Takeaway

Support private property rights.

Themes

economics property cooperation

Mood

analytical neutral

Type

economic theoretical

When to use this quote

  • business
  • policy
  • education
  • investment

Key Concepts

market theory division of labor

Questions to Reflect On

  • How does ownership affect inequality?
  • What limits exist?
A Different Perspective

Can ignore externalities.

2.5 out of 5 (8 ratings)

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