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Ludwig von Mises Quotes: What vitiates entirely the socialists economic critique of capitalism is their failure to grasp the sovereignty of the consumers in the market economy.
         

What vitiates entirely the socialists economic critique of capitalism is their failure to grasp the sovereignty of the consumers in the market economy.


Ludwig von Mises
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"Ludwig von Mises Quotes." Quoteslyfe.com, 2024. Thu. 02 May. 2024. <https://www.quoteslyfe.com/quote/What-vitiates-entirely-the-socialists-economic-critique-831383>.





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Other quotes of Ludwig von Mises


Innovators and creative geniuses cannot be reared in schools. They are precisely the men who defy what the school has taught them.

Innovators and creative geniuses cannot be reared in schools. They are precisely the men who defy what the school has taught them.



The worst evils which mankind has ever had to endure were inflicted by bad governments.

The worst evils which mankind has ever had to endure were inflicted by bad governments.



[E]conomic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics

[E]conomic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics



The real bosses, in the capitalist system of market economy, are the consumers.

The real bosses, in the capitalist system of market economy, are the consumers.



Government cannot make man richer, but it can make him poorer.

Government cannot make man richer, but it can make him poorer.



The root of the evil is not the construction of new, more dreadful weapons. It is the spirit of conquest.

The root of the evil is not the construction of new, more dreadful weapons. It is the spirit of conquest.



If one rejects laissez faire on account of mans fallibility and moral weakness, one must for the same reason also reject every kind of government action.

If one rejects laissez faire on account of mans fallibility and moral weakness, one must for the same reason also reject every kind of government action.



The main political problem is how to prevent the police power from becoming tyrannical. This is the meaning of all the struggles for liberty.

The main political problem is how to prevent the police power from becoming tyrannical. This is the meaning of all the struggles for liberty.



Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.

Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.



Capitalism needs neither propaganda nor apostles. Its achievements speak for themselves. Capitalism delivers the goods.

Capitalism needs neither propaganda nor apostles. Its achievements speak for themselves. Capitalism delivers the goods.





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We can have enhanced devolution - greater powers in Scotland - but within the strength, security and stability of the United Kingdom, and I think that's what most Scots want.

We can have enhanced devolution - greater powers in Scotland - but within the strength, security and stability of the United Kingdom, and I think that's what most Scots want.



I want to be as gracious and thankful as I can because it has been a long road.

I want to be as gracious and thankful as I can because it has been a long road.



I like being alone and I think this movie, as much as it is an investigation of connection and people bonding, I also think it's just as much about loneliness.

I like being alone and I think this movie, as much as it is an investigation of connection and people bonding, I also think it's just as much about loneliness.



No one can appropriate God, goodness, the Bible or Jesus. It just seems that way.

No one can appropriate God, goodness, the Bible or Jesus. It just seems that way.



Fresh spring! / The world is only Nine days old - / These fields and mountains!

Fresh spring! / The world is only Nine days old - / These fields and mountains!



You know, it's hard as a writer to lose characters (and actors) you like. You really don't want them to die because you're not going to get to see them anymore.

You know, it's hard as a writer to lose characters (and actors) you like. You really don't want them to die because you're not going to get to see them anymore.



God is the perfect poet, Who in his person acts his own creations.

God is the perfect poet, Who in his person acts his own creations.



Caring about what you are doing is considered either unimportant or taken for granted.

Caring about what you are doing is considered either unimportant or taken for granted.



Got it," I say. "Did you tell Peeta this?" "Don't have to," says Haymitch. "He's already there.

Got it," I say. "Did you tell Peeta this?" "Don't have to," says Haymitch. "He's already there.




Quote Description


This page presents the quote "What vitiates entirely the socialists economic critique of capitalism is their failure to grasp the sovereignty of the consumers in the market economy.". Author of this quote is Ludwig von Mises. This quote is about failure, critique, sovereignty, economic, capitalism, market economy, consumers, economy,.