"The market, even more than the wheel, is one of the great commonplace servants of man. Professor Mises powerfully defends it against those who would subvert it to the service of selfish or shortsighted ends. But it is possible that the defense is stronger when in the hands of somewhat more moderate men. One is also bound to be puzzled over who is to vote in and support the economic and political order that Professor Mises demands. He is a vigorous foe of autocrats and dictators but he also has little respect for people at large. Defending advertising, to choose one example among many, he observes: "Like all things designed to suit the taste of the masses, it is repellent to people of delicate feeling." I wouldn't suppose that the people of delicate feeling are yet in the strength to take over."
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Academics from the United StatesAcademics from AustriaEconomists from the United StatesLudwig von MisesAustrian School economists
Original Language: English
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Sources
John Kenneth Galbraith, "In Defense of Laissez-Faire", The New York Times (Oct. 30, 1949)
https://en.wikiquote.org/wiki/Ludwig_von_Mises
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Ludwig von Mises
1881 – 1973
österreichisch-amerikanischer Volkswirtschaftler
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