Inequality of wealth and incomes is an essential feature of the market economy. It is the implement that makes the consumers supreme in giving them the power to force all those engaged in production to comply with their orders. It forces all those engaged in production to the utmost exertion in the service of the consumers. It makes competition work. He who best serves the consumers profits most and accumulates riches.

" We were discussing the distribution of income and whether you should have progressive income taxes. There he became a visiting professor at New York University. In America Mises' work first influenced that of economists such as Benjamin Anderson Leonard Read and Henry Hazlitt as well as writers such as former radical Max Eastman legal scholar Sylvester J.

He became a prominent figure in the Austrian School of economic thought and is best known for his work on praxeology. Mises had a significant influence on the libertarian movement in the United States in the mid-20th century. Fearing a Nazi takeover of Switzerland where he was living at the time Mises emigrated to the United States in 1940.