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Private Property

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Tags Free MarketsLegal SystemPolitical TheoryPrivate PropertyProduction Theory

12/08/2010Ludwig von Mises

Private ownership of the means of production is the fundamental institution of the market economy. It is the institution the presence of which characterizes the market economy as such. Where it is absent, there is no question of a market economy, writes Ludwig von Mises (1881–1973).

This audio Mises Daily is narrated by Jeff Riggenbach.

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