Free markets. What does this system mean? The answer is simple: it is the market economy, it is the system in which the cooperation of individuals in the social division of labor is achieved by the market.
Ludwig von MisesIt is merely a metaphor to call competition competitive war, or simply, war. The function of battle is destruction; of competition, construction.
Ludwig von MisesEconomics is not about things and tangible material objects; it is about men, their meanings and actions.
Ludwig von MisesYou know that the population is of this planet is now ten times greater than it was in the ages preceding capitalism.; you know that all men today enjoy a higher standard of living than your ancestors did before the age of capitalism. But how do you know that you are the one out of ten who would have lived in the absence of capitalism? The mere fact that you are living today is proof that capitalism has succeeded, whether or not you consider your own life very valuable.
Ludwig von Mises