Our mission
The AEC’s fundamental goal is to promote a free, responsible and prosperous society. Through education and improving public understanding of key economic questions, the AEC promotes the idea of a free market economy and the ideal of a free society.
Contact information
Austrian Economics Center
Grünangergasse 1/15-1
A-1010 Vienna
Phone: +43 1 505 13 49 32
Web: austriancenter.com
© Copyright , Austrian Economics Center
Imprint | Contact
Privacy Policy
Comment
|
February 24th, 2015
CONSUMERS’ SOVEREIGNTY AND NATURAL VS. CONTRIVED SCARCITIES
by Richard Ebelling One of the great myths about the […]
Author
Team AECImage by © Dreamstime
by Richard Ebelling
One of the great myths about the capitalist system is the presumption that businessmen make profits at the expense of the consumers and workers in society. Nothing could be further from the truth.
In the free market, consumers are the sovereign rulers who determine what gets produced, and with what qualities and features. The sovereign consumers also determine who will be the owners and entrepreneurs of business enterprises.
Continue reading…
Author
View all posts
The views expressed on austriancenter.com are not necessarily those of the Austrian Economics Center.
Do you like the article?
We are glad you do! Please consider donating if you want to read more articles like this one.
Related
Comment
“Inappropriate”
May 14th, 2013
Comment
Freedom Makes Bigots Pay
December 4th, 2015
Comment
Wages and the Free Market, Part 1
September 19th, 2014
Comment
Why do smart people still choose Keynes over Hayek?
March 11th, 2014
Comment
Davos is a corporatist racket
January 23rd, 2015