Buyers Quote by Ludwig von Mises
“In the market economy the worker sells his services as other people sell their commodities. The employer is not the employee's lord. He is simply the buyer of services which he must purchase at their market price.”
About This Quote
Source Book: Human Action, 1949
In a market, workers sell services and employers buy them at market price, not as masters.
In simple terms: Labor and capital are transactional.
Treat work as market exchange.
Themes
Mood
Type
When to use this quote
- employment contracts
- wage negotiations
- business hiring
Key Concepts
Questions to Reflect On
- How does market price affect worker autonomy?
- Can true equality exist in employer‑employee relations?
May overlook power imbalances in labor relations.