Abolish Quote by Ludwig von Mises
![“The [liberals] consider profits as objectionable. The very existence of profits is in their eyes a proof that wage rates could be raised without harm to anybody. They speak of profit without dealing with loss. Profit and loss are the instruments by means of which the consumers keep a tight rein on…” quote by Ludwig von Mises](https://sms4smile.com/quotes/img-quotes/b1d/ludwig-von-mises-364_abolish_the-liberals-consider-profits-as-objecti_187906.jpg)
“The [liberals] consider profits as objectionable. The very existence of profits is in their eyes a proof that wage rates could be raised without harm to anybody. They speak of profit without dealing with loss. Profit and loss are the instruments by means of which the consumers keep a tight rein on all business activities. A profitable enterprise tends to expand; an unprofitable one tends to shrink. The elimination of profit renders production rigid and abolishes the consumer's control.”
About This Quote
Profits signal consumer demand and guide resource allocation; removing them would stifle market flexibility and consumer control.
In simple terms: Profits guide markets and consumer choices.
Key Takeaway
Preserve profit mechanisms for dynamic economies.
Themes
economics
market theory
consumer sovereignty
profit
resource allocation
Mood
analytical
critical
neutral
Type
philosophical
economic
When to use this quote
- business expansion
- investment decisions
- pricing strategies
- budget planning
Key Concepts
price signals
incentives
market efficiency
Questions to Reflect On
- How do profits influence consumer behavior?
- What alternatives exist to profit signals?
A Different Perspective
Profit removal could lead to inefficiencies and reduced innovation.
