A Quote by Ludwig von Mises

The common man is the sovereign consumer whose buying or abstention from buying ultimately determines what should be produced and in what quantity and quality.

Ludwig von Mises

Quote Topics

Abstention Buying Common Common Man Consumer Determines Man Produced Quality Quantity Quantity And Quality Should Sovereign Ultimately Whose

Quote Author

Ludwig von Mises
Austrian - Economist
September 29, 1881 - October 10, 1973

The real bosses in the capitalist system of market economy are the consumers. They by their buying and by their abstention from buying decide who should own the capital and run the plants. They determine what should be produced and in what quantity and quality. Their attitudes result either in profit or in loss for the enterpriser. They make poor men rich and rich men poor. They are no easy bosses.

Ludwig von Mises

To assign to everybody his proper place in society is the task of the consumers. Their buying and abstention from buying is instrumental in determining each individual's social position.

Ludwig von Mises

Buy less. Choose well. Make it last. Quality, not quantity. Everybody’s buying far too many clothesI mean, I know I’m lucky, I can just take things and borrow them and I’m just okay, but I hate having too many clothes. And I think that poor people should be even more careful. It doesn't mean therefore you have to just buy anything cheap. Instead of buying six things, buy one thing that you really like. Don't keep buying just for the sake of it.

Vivienne Westwood

The experience is fundamentally different for buying from local businesses than it is for buying consumer goods.

Andrew Mason

If you ask me what I think people should be getting next season, I’ll tell you what I’d like them to buy—nothing. I’d like people to stop buying and buying and buying.

Vivienne Westwood

Firstly, should we be selling and buying irradiated meat? I think that's up to the consumer, ultimately. But the second point is, this irradiated meat should be clearly and unmistakably labeled as irradiated meat.

Eric Schlosser

Buy less. Choose well. Make it last. Quality, not quantity. Everybody's buying far too many clothes.

Vivienne Westwood

Whether it's buying products or researching what you're buying, or just becoming aware of what you're buying, you're saying so much with the money that you're spending.

Jayma Mays

Americans like buying American vs. buying from Chavez or buying from the Middle East.

John Catsimatidis

It shouldn't be the consumer's responsibility to figure out what's cruel and what's kind, what's environmentally destructive and what's sustainable. Cruel and destructive food products should be illegal. We don't need the option of buying children's toys made with lead paint, or aerosols with chlorofluorocarbons, or medicines with unlabeled side effects. And we don't need the option of buying factory-farmed animals.

Jonathan Safran Foer

I don't like to change things too much. I think pretty hard about things before I jump in, and once I do, I feel, 'All right, I don't want to waste the energy of buying, selling this, going on Consumer Reports, test driving, buying, selling a house.' I feel life is to be lived.

Greg Fitzsimmons

I talk about reducing our dependence on foreign oil. If we're buying electricity from a solar-thermal plant in Tijuana, I'm not sure we should say that's evil. If we are buying wind power from Alberta, I don't have a huge objection to that.

Jay Inslee

Common hedging techniques include shorting stocks, buying put options, writing call options, and various types of leverage and paired transactions. While I do reserve the right to use these tools if and when appropriate, my firm opinion is that the best hedge is buying an appropriately safe and cheap stock.

Michael Burry

When the farmer can sell directly to the consumer, it is a more active process. There's more contact. The consumer can know, who am I buying this from? What's their name? Do they have a face? Is the food they are selling coming out of Mexico with pesticides?