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
character kwanzaa architect
Under capitalism everybody is the architect of his own fortune.
men animal sensual
Man is not, like the animals, an obsequious puppet of instincts and sensual impulses. Man has the power to suppress instinctive desires, he has a will of his own, he chooses between incompatible ends.
attitude war mind
Only one thing can conquer war-that attitude of mind which can see nothing in war but destruction and annihilation...
mean economic human-life
Economic control is not merely control of a sector of human life that can be separated from the rest; it is the control of the means for all our ends.
law worst tyranny
The worst law is better than bureaucratic tyranny.
government banking granted
It is extremely difficult for our contemporaries to conceive of the conditions of free banking because they take government interference with banking for granted and as necessary.
war men civilization
If men do not now succeed in abolishing war, civilization and mankind are doomed.
want citizens fellows
He who is unfit to serve his fellow citizens wants to rule them.
liberty libertarian economic
The program of classical liberalism, condensed into a single word, would have to read: property.
evil giving
Do not give in to evil, but proceed ever more boldly against it.
satisfaction steps improvement
Spontaneous actions of individuals, aiming at nothing else than at the improvement of their own state of satisfaction, undermined the prestige of the coercive status system step by step.
inflation catastrophe
Continued inflation inevitably leads to catastrophe.
bread unemployment ability
In the capitalist society there is a place and bread for all. Its ability to expand provides sustenance for every worker. Permanent unemployment is not a feature of free capitalism.
numbers people world
Capitalism gave the world what it needed, a higher standard of living for a steadily increasing number of people.