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
peace money war
War prosperity is like the prosperity that an earthquake or a plague brings.
peace war house
Sovereignty must not be used for inflicting harm on anyone, whether citizen or foreigner.
entity process collectives
The market is not a place, a thing, or a collective entity. It is a process.
country law entrepreneur
The consumers suffer when the laws of the country prevent the most efficient entrepreneurs from expanding the sphere of their activities. What made some enterprises develop into "big business" was precisely their success in filling best the demand of the masses.
people choices democracy
The democracy of the market consists in the fact that people themselves make their choices and that no dictator has the power to force them to submit to his value judgments.
civilization would-be economy
If history could teach us anything, it would be that private property is inextricably linked with civilization.
want way economic
The meaning of economic freedom is this: that the individual is in a position to choose the way in which he wants to integrate himself into the totality of society.
peace war essence
[T]he essence of so-called war prosperity: it enriches some by what it takes from others. It is not rising wealth but a shifting of wealth and income.
race members ill
Nothing, however, is as ill founded as the assertion of the alleged equality of all members of the human race.
way serious danger
The most serious dangers for American freedom and the American way of life do not come from without.
voice mind trying
Liberalism and capitalism address themselves to the cool, well-balanced mind. They proceed by strict logic, eliminating any appeal to the emotions. Socialism, on the contrary, works on the emotions, tries to violate logical considerations by rousing a sense of personal interest and to stifle the voice of reason by awakening primitive instincts.
peace war race
If some peoples pretend that history or geography gives them the right to subjugate other races, nations, or peoples, there can be no peace.
government play choices
There is simply no other choice than this: either to abstain from interference in the free play of the market, or to delegate the entire management of production and distribution to the government. Either capitalism or socialism: there exists no middle way.
expectations illusion socialism
What pushes the masses into the camp of socialism is, even more than the illusion that socialism will make them richer, the expectation that it will curb all those who are better than they themselves are.