Economic Quote by Ludwig von Mises
“The meaning of economic freedom is this: that the individual is in a position to choose the way in which he wants to integrate himself into the totality of society.”
About This Quote
Source Book: Human Action, 1949
Economic freedom means individuals can freely choose how to integrate into society.
In simple terms: Freedom to choose one's role.
Key Takeaway
Protect individual choice.
Themes
freedom
choice
individualism
economics
Mood
analytical
reflective
Type
philosophical
economic
When to use this quote
- policy making
- personal career decisions
- social integration
Key Concepts
voluntary exchange
personal autonomy
market participation
Questions to Reflect On
- What choices does your environment allow?
- How does society benefit from individual freedom?
A Different Perspective
External constraints can limit true freedom.
![“Just between you and me, shouldn’t the World Bank be encouraging MORE migration of the dirty industries to the LDCs [Less Developed Countries]?... I think the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to that... I’ve always…” quote by Lawrence Summers](https://sms4smile.com/quotes/img-quotes/ac4/lawrence-summers-16940_air_just-between-you-and-me-shouldn-t-the-wo_4703.jpg)
