Capitalism Quote by Ludwig von Mises
“Is still fulfilling its social function in supplying the consumers with more, better and cheaper goods.”
About This Quote
Source Book: Human Action by Ludwig von Mises, 1949
Markets continue to serve society by providing abundant, improved, and affordable products to consumers.
In simple terms: Markets give people more, better, cheaper goods.
Support free markets for consumer benefit.
Themes
Mood
Type
When to use this quote
- shopping
- policy making
- business strategy
- consumer advocacy
Key Concepts
Questions to Reflect On
- How do market failures affect this view?
- What role should regulation play?
Assumes all participants act rationally and information is perfect.