Ludwig von Mises: "Monetary calculation and cost accounting constitute the most important intellectual tool of the capitalist entrepreneur, and it was no one less than Goethe who pronounced the system of double-entry bookkeeping one of the finest inventions of the human mind." - Liberalism
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|Ludwig von Mises||Competition takes place among producers and sellers not only within each individual branch of production, but also between all related goods, and in the final analysis, between all economic goods.||A Critique of Interventionism|| p. 48||Competition
|Ludwig von Mises||Competitors aim at excellence and preeminence in accomplishments within a system of mutual cooperation. The function of competition is to assign to every member of the social system that position in which he can best serve the whole of society and all its members.||Human Action|| p. 117; p. 117||Competition
|Ludwig von Mises||The sharper the competition, the better it serves its social function to improve economic production.||A Critique of Interventionism|| p. 84||Competition
|Ludwig von Mises||It is merely a metaphor to call competition competitive war, or simply, war. The function of battle is destruction; of competition, construction.||Socialism|| p. 285||Competition