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The entrepreneur profits to the extent he has succeeded in serving the consumers better than other people have done.

Ludwig von Mises

Related Topics

Consumer Done Entrepreneur People Profit Successful

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The Welfare State is merely a method for transforming the market economy step by step into socialism.
LUDWIG VON MISES

Market Misery Socialism State Step Transform Welfare
The riches of successful entrepreneurs is not the cause of anybody’s poverty; it is the consequence of the fact that the consumers are better supplied than they would have been in the absence of the entrepreneur’s efforts.
LUDWIG VON MISES

Anybody Effort Entrepreneur Poverty Successful
State interference in economic life, which calls itself economic policy, has done nothing but destroy economic life. Prohibitions and regulations have by their general obstructive tendency fostered the growth of the spirit of wastefulness.
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Call Destroy Done Economic Growth Interfere Life Nothing Policy Regulation State
All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.
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Action First Rational Reason Think
If you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit.
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Increase Lowering Monetary Power Purchasing World
What mankind needs today is liberation from the rule of nonsensical slogans and a return to sound reasoning.
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Liberation Mankind Ned Ninsensical Reason Return Rule Slogan Sound Today
The only source from which an entrepreneurs profits stem is his ability to anticipate better than other people the future demand of the consumers.
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Ability Anticipate Demand Entrepreneur Future Other People Profit Source Stem
Historical knowledge is indispensable for those who want to build a better world
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Better Build Historical Indispensable Knowledge Want World
Freedom really means the freedom to make mistakes.
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Freedom Mean Mistake Really
Laissez faire does not mean: let soulless mechanical forces operate. It means: let individuals choose how they want to cooperate in the social division of labor and let them determine what the entrepreneurs should produce.
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Choose Division Entrepreneur Faire Individual Labor Liassez Mean Mechanical Operate Soules
The entrepreneurs, the capitalists and the technologists prosper as far as they succeed in best supplying the consumers.
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Capitalist Consumer Entrepreneur Succeed Supply Technologies
Depression is the aftermath of credit expansion.
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Aftermath Credit Depression Expansion
The most serious dangers for American freedom and the American way of life do not come from without.
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Come Country Danger Life Serious Way
A new type of superstition has got hold of people’s minds, the worship of the state. People demand the exercise of the methods of coercion and compulsion, of violence and threat. Woe to anybody who does not bend his knee to the fashionable idols!
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Mind New People State Superstitious Type Worship
A higher standard of living also brings about a higher standard of culture and civilization.
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Civilization Cultural Higher Living Standard
Capitalism gave the world what it needed, a higher standard of living for a steadily increasing number of people.
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Capitalism Need Number People Standard Steadily World

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