Ludwig von Mises Quote

The capitalistic social order, therefore, is an economic democracy in the strictest sense of the word. In the last analysis, all decisions are dependent on the will of the people as consumers. Thus, whenever there is a conflict between the consumers' views and those of the business managers, market pressures assure that the views of the consumers win out eventually.


On the Manipulation of Money and Credit (ed. 1978)


The capitalistic social order, therefore, is an economic democracy in the strictest sense of the word. In the last analysis, all decisions are...

The capitalistic social order, therefore, is an economic democracy in the strictest sense of the word. In the last analysis, all decisions are...

The capitalistic social order, therefore, is an economic democracy in the strictest sense of the word. In the last analysis, all decisions are...

The capitalistic social order, therefore, is an economic democracy in the strictest sense of the word. In the last analysis, all decisions are...