Louis M. Spadaro (October 11, 1913 – May 3, 2008) was a friend and colleague of Ludwig von Mises, under whom he earned his PhD in economics. President of the Institute for Humane Studies and the founding dean of the Fordham University Graduate School of Business Administration, he taught economics at Fordham University since 1938. He was the author of the textbook Economics: An Introductory View (1969) and the editor of New Directions in Austrian Economics.
Ludwig von Mises: "In the market economy the worker sells his services as other people sell their commodities. The employer is not the employees lord. He is simply the buyer of services which he must purchase at their market price." - Human Action