Ludwig von Mises
Ludwig von Mises
Ludwig Heinrich Edler von Miseswas a theoretical Austrian School economist. He is best known for his work on praxeology, a study of human choice and action. Mises emigrated from Austria to the United States in 1940. Mises's writings have exerted significant influence on the libertarian movement in the United States since the mid-20th century...
NationalityAustrian
ProfessionEconomist
Date of Birth29 September 1881
CountryAustria
Ludwig von Mises quotes about
libertarian action affair
Action is an attempt to substitute a more satisfactory state of affairs for a less satisfactory one. We call such a willfully induced alteration an exchange.
land lotuses needs
In the land of the lotus-eaters there is no action. Action arises only from need, from dissatisfaction. It is purposeful striving towards something. Its ultimate end is always to get rid of a condition which is conceived to be deficient-to fulfill a need, to achieve satisfaction, to increase happiness.
quota reason-why united-states
What workers must learn is that the only reason why wage rates are higher in the United States is that the per head quota of capital invested is higher.
men liberty fellow-man
Nobody is in a position to decree what should make a fellow man happier.
historical-knowledge world want
Historical knowledge is indispensable for those who want to build a better world
office effort models
Lenin's ideal was to build a nation's production effort according to the model of the post office.
entrepreneur liberty farmers
Neither the entrepreneurs nor the farmers nor the capitalists determine what has to be produced. The consumers do that.
powerful army government
The characteristic feature of militarism is not the fact that a nation has a powerful army or navy. It is the paramount role assigned to the army within the political structure. Even in peacetime the army is supreme; it is the predominant factor in political life. The subjects must obey the government as soldiers must obey their superiors. Within a militarist community there is no freedom; there are only obedience and discipline.
mean rendering increase
Business is a means- the only means- to increase the quantity of goods available for preserving life and rendering it more agreeable.
socialism midway capitalism-and-socialism
The system that would stand midway between capitalism and socialism.
goal dominion rooms
There is an inherent tendency in all governmental power to recognize no restraints on its operation and to extend the sphere of its dominion as much as possible. To control everything, to leave no room for anything to happen of its own accord without the interference of the authorities--th is is the goal for which every ruler secretly strives.
economy social supremacy
The market economy-capitalism-is a social system of consumers' supremacy.
law worst gangsters
It is the rule of law alone which hinders the rulers from turning themselves into the worst gangsters.
stupid political-language progress
The usual terminology of political language is stupid. What is 'left' and what is 'right'? Why should Hitler be 'right' and Stalin, his temporary friend, be 'left'? Who is 'reactionary' and who is 'progressive'? Reaction against an unwise policy is not to be condemned. And progress towards chaos is not to be commended.