History of the Austrian School of Economics

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Ludwig von Mises

Big business, the target of the most fanatic attacks by the so-called leftists, produces almost exclusively to satisfy the wants of the masses. In fact, serving the masses is the main occupation of the "capitalist."

Ludwig von Mises

In a totalitarian system, competition means courting the favor of those in power. In the market system, competition means sellers try to outdo one another by offering better or cheaper goods and services to the buyers.

Henry Hazlitt

Keynes's "greatest achievement," according to his admirers, was his famous "refutation" of Say's law. Yet Say's law actually remains more relevant than ever.

If Mises stopped short of affirming the full right of individual secession, it was only because of what he regarded as technical obstacles.