Notable Quote

"The direction of all economic affairs is in the market society a task of the entrepreneurs. Theirs is the control of production. They are at the helm and steer the ship. A superficial observer would believe that they are supreme. But they are not. They are bound to obey unconditionally the captain's orders. The captain is the consumer."

von Mises, Ludwig event 1949

From Human Action: A Treatise on Economics

Context: On consumer sovereignty and the market order, from Part Four of Human Action (1949)