Monday, June 11, 2012

Mises: Exchanges take place to meet human satisfaction

"'Modern civilization, nearly all civilization,' said the great British economist Edwin Cannan, 'is based on the principle of making things pleasant for those who please the market and unpleasant for those who fail to do so.' The market, that means the buyers; the consumers, that means all of the people."

--Ludwig von Mises. The Elite under Capitalism

No comments:

Post a Comment