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.
Ludwig von MisesAbout author
- Author's profession: Economist
- Nationality: austrian
- Born: September 29, 1881
- Died: October 10, 1973
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