“Capitalism is essentially a system of mass production for the satisfaction of the needs of the masses. It pours a horn of plenty upon the common man. It has raised the average standard of living to a height never dreamed of in earlier ages. It has made accessible to millions of people enjoyments which a few generations ago were only within the reach of a small elite.“- Ludwig von Mises
Praxgirl‘s series continues as she explores the concepts of economic progress.
To continue the series, follow the link. https://hessenflow.wordpress.com/2012/05/26/praxeology-market-prices/