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Ludwig von Mises: "The riches of the rich are not the cause of the poverty of anybody; the process that makes some people rich is, on the contrary, the corollary of the process that improves many peoples want satisfaction. The entrepreneurs, the capitalists and the technologists prosper as far as they succeed in best supplying the consumers." - The Anti-Capitalistic Mentality


Quotable MisesThis database of quotations from Mises was prepared for The Quotable Mises edited by Mark Thornton, available from the Mises Institute store for $20. Send corrections to the editor. Here is a source page on the editions of the books referenced.

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Ludwig von MisesThe factory owners did not have the power to compel anybody to take a factory job. They could only hire people who were ready to work for the wages offered to them…. Their only refuge was the factory. It saved them, in the strict sense of the term, from death by starvation.Human Action p. 615; pp. 619-20Industrial Revolution
Ludwig von MisesThe outstanding fact about the Industrial Revolution is that it opened an age of mass production for the needs of the masses. .Human Action p. 616; p. 621Industrial Revolution
Ludwig von MisesThe market economy itself was not a product of violent actionof revolutionsbut of a series of gradual peaceful changes. The implications of the term industrial revolution are utterly misleading.The Ultimate Foundation of Economic Science p. 109Industrial Revolution