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The only source from which an entrepreneurs profits stem is his ability to anticipate better than other people the future demand of the consumers.

Ludwig von Mises

Related Topics

Ability Anticipate Demand Entrepreneur Future Other People Profit Source Stem

Bagwalas

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The fundamental law of the market is: the customer is always right.
LUDWIG VON MISES

Customer Fundamentals Law Right
Tyranny is the political corollary of socialism, as representative government is the political corollary of the market economy.
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Corollary Economic Government Market Political Representative Socialism
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
The real bosses in the capitalist system of market economy are the consumers. They by their buying and by their abstention from buying decide who should own the capital and run the plants. They determine what should be produced and in what quantity and quality.
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Attitude Boss Capital Consumer Economic Market Real Running System
The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy.
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Act God Important Inflation Most Remember Things
In a battle between force and an idea, the latter always prevails.
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Battle Between Force Ideas Latterm Prevail
Taxing profits is tantamount to taxing success.
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Profit Success Tantamount Tax
The champions of socialism call themselves progressives, but they recommend a system which is characterized by rigid observance of routine and by a resistance to every kind of improvement.
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Bless Championship Characteristics Garden Men Observation Progressive Recommend Routine Socialism System
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
Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink.
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Apply Government Ink Institution Paper Take Valuable Worthless
Under capitalism everybody is the architect of his own fortune.
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Architect Capitalism Character Fortune Kwanzaa Own
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
A society that chooses between capitalism and socialism does not choose between two social systems; it chooses between social cooperation and the disintegration of society. Socialism is not an alternative to capitalism; it is an alternative to any system under which men can live as human beings.
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Between Capitalism Choose Socialism Society System
There is no means by which anyone can evade his personal responsibility.
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Anyone Evade Mean Personal Responsibility
The liars must be afraid of the truth and are therefore driven to suppress its pronouncement.
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Afraid Driven Liar Pronouncement Suppress
The standard of living of the common man is higher in those countries which have the greatest number of wealthy entrepreneurs.
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Common Country Entrepreneur Higher Man Men Number Standard

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