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
nice grateful men
The salesman thanks the customer for patronizing his shop and asks him to come again. But the socialists say: Be grateful to Hitler, render thanks to Stalin; be nice and submissive, then the great man will be kind to you later too.
jobs thinking government
Government spending cannot create additional jobs. If the government provides the funds required (think stimulus) by taxing the citizens or by borrowing from the public, it abolishes on the one hand as many jobs as it creates on the other.
average years minorities
Used to the conditions of a capitalistic environment, the average American takes it for granted that every year business makes something new and better accessible to him. Looking backward upon the years of his own life, he realizes that many implements that were totally unknown in the days of his youth and many others which at that time could be enjoyed only by a small minority are now standard equipment of almost every household.
marketing principles needs
The characteristic feature of capitalism that distinguishes it from pre-capitalist methods of production was its new principle of marketing. Capitalism is not simply mass production, but mass production to satisfy the needs of the masses.
mean suffering liberty
Whoever prefers life to death, happiness to suffering, well-being to misery must defend without compromise private ownership in the means of production.
drug morality behavior
The alcoholic and the drug addict harm only themselves by their behavior; the person who violates the rules of morality governing mans life in society harms not only himself, but everyone.
ideas patterns study
The study of economics has been again and again led astray by the vain idea that economics must proceed according to the pattern of other sciences.
men people liberty
What pays under capitalism is satisfying the common man, the customer. The more people you satisfy, the better for you.
independent men liberty
This, then, is freedom in the external life of man-that he is independent of the arbitrary power of his fellows.
mean division-of-labor cooperation
Capitalism or market economy is that system of social cooperation and division of labor that is based on private ownership of the means of production.
men average people
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 élite.
men earning social
The early industrialists were for the most part men who had their origin in the same social strata from which their workers came. They lived very modestly, spent only a fraction of their earnings for their households and put the rest back into the business.
hurt people experts
Some experts have declared that it is necessary to tax the people until it hurts. I disagree with these sadists.
country way mass
There is no western, capitalistic country in which the conditions of the masses have not improved in an unprecedented way.