Ludwig von Mises - Inequality of wealth and incomes is an essential feature of...

Inequality of wealth and incomes is an essential feature of the market economy. It is the implement that makes the consumers supreme in giving them the power to force all those engaged in production to comply with their orders. It forces all those engaged in production to the utmost exertion in the service of the consumers. It makes competition work. He who best serves the consumers profits most and accumulatesriches.

Ludwig von Mises

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Ludwig von Mises Quotes

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Inequality of wealth and incomes is an essential feature of the market economy. It is the implement that makes the consumers supreme in giving them the power to force all those engaged in production to comply with their orders. It forces all those engaged in production to the utmost exertion in the service of the consumers. It makes competition work. He who best serves the consumers profits most and accumulatesriches. Ludwig von Mises

They Said So®

Keywords

inequality wealth incomes essential feature market economy implement makes consumers supreme giving power force engaged production comply orders forces utmost exertion service competition work serves profits accumulatesriches

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