Absence Quote by Ludwig von Mises
“The riches of successful entrepreneurs is not the cause of anybody's poverty; it is the consequence of the fact that the consumers are better supplied than they would have been in the absence of the entrepreneur's efforts.”
About This Quote
Source Book: Human Action, 1949
Entrepreneurial supply reduces poverty, not the wealth itself.
In simple terms: Supply eases poverty.
Key Takeaway
Support entrepreneurship to improve markets.
Themes
economics
entrepreneurship
poverty
Mood
analytical
optimistic
Type
economic
philosophical
When to use this quote
- business incubators
- policy making
- education programs
- investment forums
Key Concepts
market theory
resource allocation
Questions to Reflect On
- How does increased supply affect low‑income consumers?
- What policies complement entrepreneurial growth?
A Different Perspective
May ignore distribution inequality.
