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
exercise hands method
There is no such thing as a just and fair method of exercising the tremendous power that interventionism puts into the hands of the legislature and the executive.
law government pillars
The tow pillars of democratic government are the primacy of the law and the budget.
party government people
Inflation is the true opium of the people and it is administered to them by anticapitalist governments and parties.
rights political liberty
As soon as the economic freedom which the market economy grants to its members is removed, all political liberties and bills of rights become humbug.
war important revolution
Inflation has always been an important resource of policies of war and revolution and why we also find it in the service of socialism.
believe debt way
The financial history of the last century shows a steady increase in the amount of public indebtedness. Nobody believes that the states will eternally drag the burden of these interest payments. It is obvious that sooner or later all these debts will be liquidated in some way or other, but certainly not by payment of interest and principal according to the terms of the contract.
clever men law
The state is the only institution entitled to apply coercion and compulsion and to inflict harm upon individuals. This tremendous power cannot be abandoned to the discretion of some men, however competent and clever they may deem themselves. It is necessary to restrict its application. This is the task of the laws.
selfishness incentives laziness
Under a socialist mode of production all personal incentives which selfishness provides under capitalism are removed, and a premium is put upon laziness and negligence. Whereas in a capitalist society selfishness incites everyone to the utmost diligence, in a socialist society it makes for inertia and laxity.
realization lasts socialism
The middle-of-the-road policy is not an economic system that can last. It is a method for the realization of socialism by installments.
average years today
Capitalism has improved the standard of living of the wage earners to an unprecedented extent. The average American family enjoys today amenities of which, only a hundred years ago, not even the richest nabobs dreamed.
teacher jobs teaching
The Pseudo-liberals monopolize the teaching jobs at many universities. Only men who agree with them are appointed as teachers and instructors of the social sciences, and only textbooks supporting their ideas are used.
law supreme
The market and its inescapable law are supreme.
successful employment height
The policy of letting the free market determine the height of wage rates is the only reasonable and successful full-employment policy.
employment tendencies labor
There prevails on a free labor market a tendency toward full employment.