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
party government political
In spite of the anticapitalistic policies of all governments and of almost all political parties, the capitalist mode of production
government enforcement essentials
The essential feature of government is the enforcement of its decrees by beating, killing, and imprisoning.
order giving competition
Inequality of wealth and incomes is an essential feature of the market economy. It is the implement that makes the consumers supreme in giving them the power to force all those engaged in production to comply with their orders. It forces all those engaged in production to the utmost exertion in the service of the consumers. It makes competition work. He who best serves the consumers profits most and accumulates riches.
hurt liberty privilege
The unpopularity of economics is the result of its analysis of the effects of privileges. It is impossible to invalidate the economists demonstration that all privileges hurt the interests of the rest of the nation or at least a great part of it.
air genius firsts
The first thing a genius needs is to breath free air.
morning eight age
At eighty-eight how do you feel when getting up in the morning?...Amazed!
men way groups
Value is not intrinsic, it is not in things. It is within us; it is the way in which man reacts to the conditions of his environment. Neither is value in words and doctrines, it is reflected in human conduct. It is not what a man or groups of men say about value that counts, but how they act.
entrepreneur progress use
Economic progress is the work of the savers, who accumulate capital, and of the entrepreneurs, who turn capital to new uses.
world purchasing-power increase
If you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit.
creative mind mark
The mark of the creative mind is that it defies a part of what it has learned.
people liberty coercion
The state is essentially an apparatus of compulsion and coercion. The characteristic feature of its activities is to compel people through the application or the threat of force to behave otherwise than they would like to behave.
frustration law liberty
Rulers do not like to admit that their power is restricted by any laws other than those of physics and biology. They never ascribe their failures and frustrations to the violation of economic law.
jealous justice maintaining
Every extension of the functions and power of the State beyond its primary duty of maintaining peace and justice should be scrutinized with jealous vigilance.
action behavior humans
Human action is purposeful behavior.