"The unhampered market economy is not a system which would seem commendable from the standpoint of the selfish group interests of the entrepreneurs and capitalists. It is not the particular interests of a group or of individual persons that require the market economy, but regard for the common welfare. It is not true that the advocates of the free-market economy are defenders of the selfish interests of the rich. The particular interests of the entrepreneurs and capitalists also demand interventionism to protect them against the competition of more efficient and active men. The free development of the market economy is to be recommended, not in the interest of the rich, but in the interest of the masses of the people."
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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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Ch. VII : The Economic, Social, and Political Consequences of Interventionism § 1. The Economic Consequences
https://en.wikiquote.org/wiki/Ludwig_von_Mises
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Ludwig von Mises
1881 – 1973
österreichisch-amerikanischer Volkswirtschaftler
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