Quote by: Ludwig von Mises

Most of us have no sympathy with the rich idler who spends his life in pleasure without ever doing any work. But even he fulfills a function in the life of the social organism. He sets an example of luxury that awakens in the multitude a consciousness of new needs and gives industry the incentive to fulfill them.


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Author Bio


  • NameLudwig von Mises
  • Descriptionaustrian economist
  • BornSeptember 29, 1881
  • DiedOctober 10, 1973
  • CountryUnited States Of America; Austria
  • ProfessionEconomist; Philosopher