capitalism

A Quote by Ludwig von Mises on capitalism and population

You know that the population is of this planet is now ten times greater than it was in the ages preceding capitalism.; you know that all men today enjoy a higher standard of living than your ancestors did before the age of capitalism. But how do you know that you are the one out of ten who would have lived in the absence of capitalism? The mere fact that you are living today is proof that capitalism has succeeded, whether or not you consider your own life very valuable.    

Ludwig von Mises

Source: Economic Policy: Thoughts for Today and Tomorrow, Pages: 5..6

Contributed by: Brian

A Quote by Ludwig von Mises on capitalism

The famous old story, repeated hundreds of times, that the factories employed women and childredn and that these women and children, before they were working in factories, had lived under satisfactory conditions, is one of the greatest falsehoods of history...

And all the talk about the so-called unspeakable horror of early capitalism can be refuted by a single statistic: precisely in these years in which British capitalism developed, precisely in the age called the Industrial Revolution in England, in the years from 1760 to 1830, precisely in those years the population of Englad doubled, which means that hundreds or thousands of children--who would have died in preceding times--survived and grew to become men and women. 

Ludwig von Mises

Source: Economic Policy: Thoughts for Today and Tomorrow, Pages: 6

Contributed by: Brian

A Quote by Ludwig von Mises on capitalism and living standards

Today, in the capitalist countries, there is relatively little difference between the basic life of the so-called higher and lower classes; both have food, clothing, and shelter. But in the eighteenth century and earlier, the differences between the man of the middle class and the man of the lower class was that the man of the middle class had shoes and the man of the lower class did not have shoes.  

Ludwig von Mises

Source: Economic Policy: Thoughts for Today and Tomorrow, Pages: 9

Contributed by: Brian

A Quote by Ludwig von Mises on capitalism, communism, and karl marx

The capitalist system was termed "capitalism" not by a friend of the system, but by an individual who considered it to be the worst of all historical systems, the greatest evil that had ever befallen mankind. That man was Karl Marx.    

Ludwig von Mises

Source: Economic Policy: Thoughts for Today and Tomorrow, Pages: 10

Contributed by: Brian

A Quote by Ludwig von Mises on capitalism

A country becomes more prosperous in proportion to the rise in the invested capital unit per unit of its population.  

Ludwig von Mises

Source: Economic Policy: Thoughts for Today and Tomorrow, Pages: 14

Contributed by: Brian

A Quote by Ludwig von Mises on capitalism, free markets, and market economy

Free markets. What does this system mean? The answer is simple: it is the market economy, it is the system in which the cooperation of individuals in the social division of labor is achieved by the market.    

Ludwig von Mises

Source: Economic Policy: Thoughts for Today and Tomorrow, Pages: 17

Contributed by: Brian

A Quote by Mihaly Csikszentmihalyi on capitalism and capital

As used in economics the term "capital" would be defined as follows: Capital refers to resources withheld from immediate consumption in the expectation of greater future returns. However controversial a topic this has been, capital has been the main–if not the only–way of achieving progress, even in voilently anticapitalist, socialist countries. A dam, a hospital, a university, a cathedral, or a national park cannot be built without using up resources that would be easier to consume immediately, and none of them would be built at all unless they were believed to provide some greater returns in the future.

Mihaly Csikszentmihalyi

Source: Good Business : Leadership, Flow, and the Making of Meaning, Pages: 76

Contributed by: ~C4Chaos

A Quote by Sir Winston Leonard Spencer Churchill on blessings, capitalism, sharing, socialism, vices, and virtue

The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.

Winston Churchill (1874 - 1965)

Source: Saying

Contributed by: Zaady

A Quote by W. Walter Williams on capitalism, future, insecurity, life, problems, and reflection

The record of the last century has been impressive. The problem for the future is to keep our capitalism dynamic - continue to raise living standards and yet to reduce, as much as possible, the human costs as reflected in insecurity and instability.

W. Walter Williams

Contributed by: Zaady

A Quote by unknown on accidents, achievement, bureaucracy, capitalism, death, knowledge, and progress

It's no accident that capitalism has brought with it progress, not merely in production but also in knowledge. Bureaucracy is the death of any achievement.

unknown

Contributed by: Zaady

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