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Competition Quote by Ludwig von Mises

“The sharper the competition, the better it serves its social function to improve economic production.” quote by Ludwig von Mises
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“The sharper the competition, the better it serves its social function to improve economic production.”

Ludwig von Mises

About This Quote

Source Book: Human Action, 1949

Competition drives social functions that enhance economic productivity.

In simple terms: Competition improves economies.

Key Takeaway

Support healthy competition.

Themes

economics competition social function productivity

Mood

critical thoughtful

Type

theoretical philosophical

When to use this quote

  • policy making
  • business strategy
  • entrepreneurship
  • education
  • public debate

Key Concepts

capitalism market dynamics efficiency

Questions to Reflect On

  • How does competition benefit society?
  • When can competition be harmful?
A Different Perspective

May ignore negative externalities of competition.

2.3 out of 5 (3 ratings)

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