Editing Creative destruction (section)

===Ludwig Lachmann===

{{Blockquote|These economic facts have certain social consequences. As the critics of the market economy nowadays prefer to take their stand on "social" grounds, it may be not inappropriate here to elucidate the true social results of the market process. We have already spoken of it as a leveling process. More aptly, we may now describe these results as an instance of what [[Vilfredo Pareto|Pareto]] called "[[circulation of elite|the circulation of elites]]." Wealth is unlikely to stay for long in the same hands. It passes from hand to hand as unforeseen change confers value, now on this, now on that specific resource, engendering capital gains and losses. The owners of wealth, we might say with Schumpeter, are like the guests at a hotel or the passengers in a train: They are always there but are never for long the same people.|2=[[Ludwig Lachmann]], The Market Economy and the Distribution of Wealth<ref>{{cite web |title=The Market and the Distribution of Wealth |url=https://mises.org/library/market-and-distribution-wealth |website=Mises Institute |date=30 September 2011 }}</ref>}}