Business Quote by Ludwig von Mises
“The riches of the rich are not the cause of the poverty of anybody; the process that makes some people rich is, on the contrary, the corollary of the process that improves many peoples want satisfaction. The entrepreneurs, the capitalists and the technologists prosper as far as they succeed in best supplying the consumers.”
About This Quote
Source Book: Human Action, 1949
Wealth creation by entrepreneurs benefits consumers; poverty isn’t caused by the rich but by inefficient resource allocation.
In simple terms: Entrepreneurs improve lives; poverty isn’t from wealth.
Support policies that foster innovation and competition.
Themes
Mood
Type
When to use this quote
- business strategy
- public policy
- economic development
- social welfare
Key Concepts
Questions to Reflect On
- What mechanisms ensure fair distribution of wealth?
- How can innovation be balanced with equity?
If markets fail, wealth may not reach the needy.