--- title: "Meaning & Key Takeaway of: What is called economic progress is the…" description: "\"What is called economic progress is the joint effect of the activities of the three progressive groups-or classes-of the savers, the scientist-inventor..." image: "https://sms4smile.com/quotes/i/5d9/ludwig-von-mises-364_activity_what-is-called-economic-progress-is-the_1345755.png" --- # What is called economic progress is the joint effect of… ![“What is called economic progress is the joint effect of the activities of the three progressive groups-or classes-of the savers, the scientist-inventors, and the entrepreneurs, operating in a market economy as far as it is not sabotaged by the endeavors of the nonprogressive majority of the…” quote by Ludwig von Mises](https://sms4smile.com/quotes/i/5d9/ludwig-von-mises-364_activity_what-is-called-economic-progress-is-the_1345755.png) [Download](https://sms4smile.com/quotes/i/5d9/ludwig-von-mises-364_activity_what-is-called-economic-progress-is-the_1345755.png) [Open image](https://sms4smile.com/quotes/i/5d9/ludwig-von-mises-364_activity_what-is-called-economic-progress-is-the_1345755.png) > “What is called economic progress is the joint effect of the activities of the three progressive groups-or classes-of the savers, the scientist-inventors, and the entrepreneurs, operating in a market economy as far as it is not sabotaged by the endeavors of the nonprogressive majority of the routinists and the public policies supported by them.” [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Economic progress depends on savers, inventors, and entrepreneurs, but can be undermined by resistant majority and policies. **In simple terms:** Progress needs saving, innovation, and entrepreneurship; opposition can hinder it. Key Takeaway Support productive groups, guard against obstructive policies. Themes economics innovation entrepreneurship politics social dynamics Mood optimistic critical analytical Type analytical economic philosophical When to use this quote - government policy - business strategy - investment planning - education reform - community organizing Key Concepts capital formation creative destruction market incentives public policy collective action Questions to Reflect On - How can societies balance innovative forces with majority interests? - What policies best protect entrepreneurial activity? A Different Perspective Progress can stall if majority lacks vision or if policies favor status quo. ★ ★ ★ ★ ★ No ratings yet [Business](https://sms4smile.com/quotes/about/business/) [Class](https://sms4smile.com/quotes/about/class/) [Economic progress](https://sms4smile.com/quotes/about/economic-progress/) [Economics](https://sms4smile.com/quotes/about/economics/) [Economy](https://sms4smile.com/quotes/about/economy/) [Endeavor](https://sms4smile.com/quotes/about/endeavor/) [Entrepreneur](https://sms4smile.com/quotes/about/entrepreneur/) [Inventor](https://sms4smile.com/quotes/about/inventor/) [Investing](https://sms4smile.com/quotes/about/investing/) [Market economy](https://sms4smile.com/quotes/about/market-economy/) [Politics](https://sms4smile.com/quotes/about/politics/) [Progress](https://sms4smile.com/quotes/about/progress/) [Public policy](https://sms4smile.com/quotes/about/public-policy/) [Scientist](https://sms4smile.com/quotes/about/scientist/) ## Related quotes > [As the Wall Street Journal called our economic plan, supply-side economics for the working man, is resonating in Minnesota and here in Missouri and…](https://sms4smile.com/quotes/rick-santorum/as-the-wall-street-journal-called-our-economic-plan-supply-side/) [Rick Santorum](https://sms4smile.com/quotes/author/rick-santorum/) > [Mr. Nixon has, in the last seven days, called me an economic ignoramus, a Pied Piper, and all the rest. 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