The
market economy is the social system of the division of labor under
private ownership of the means of production. Everybody acts on his own
behalf; but everybody’s actions aim at the satisfaction of other
people's needs as well as at the satisfaction of his own. Everybody in
acting serves his fellow citizens. Everybody, on the other hand, is
served by his fellow citizens. Everybody is both a means and an end in
himself; an ultimate end for himself and a means to other people in
their endeavors to attain their own needs.
— Ludwig von Mises, Human Action [1949]
(Hat-tip Future Freedom Foundation)
No comments:
Post a Comment