Private Property | by Ludwig von Mises

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Uploaded by on Dec 25, 2010

Mises Daily: Wednesday, December 08, 2010 by Ludwig von Mises
[This article is excerpted from chapter 24 of Human Action: The Scholar's Edition (1949) and is read by Jeff Riggenbach.]

Private ownership of the means of production is the fundamental institution of the market economy. It is the institution the presence of which characterizes the market economy as such. Where it is absent, there is no question of a market economy.

http://mises.org/daily/4718

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  • Amen... isn't what we have to say? Oh no of course we are free to think what we want as we hear the same and only thing for we are kids: "private property is the only way!" even if we work with many other people So? ...

  • LvMises is my hero!

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