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
men civilization quality
Human civilization is not something achieved against nature; it is rather the outcome of the working of the innate qualities of man.
mean progressive-taxation people
Progressive taxation of income and profits means that precisely those parts of the income which people would have saved and invested are taxed away
country men numbers
The standard of living of the common man is higher in those countries which have the greatest number of wealthy entrepreneurs.
credit expansion aftermath
Depression is the aftermath of credit expansion.
taken luxury people
The luxury of today is the necessity of tomorrow. Every advance first comes into being as the luxury of a few rich people, only to become, after a time, an indispensable necessity taken for granted by everyone. Luxury consumption provides industry with the stimulus to discover and introduce new, things. It is one of the dynamic factors in our economy. To it we owe the progressive innovations by which the standard of living of all strata of the population has been gradually raised.
mean police force
All this talk: the state should do this or that, ultimately means: the police should force consumers to behave otherwise than they would behave spontaneously.
war achievement peaceful
The main achievement of economics is that it has provided a theory of peaceful human cooperation. This is why the harbingers of violent conflict have branded it as a dismal science and why this age of wars, civil wars, and destruction has no use for it.
government paper ink
Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink.
men differences essentials
For it is an essential difference between capitalist and socialist production that under capitalism men provide for themselves, while under Socialism they are provided for.
school effort adherence
Continued adherence to a policy of compulsory education is utterly incompatible with efforts to establish lasting peace.
ideas battle latter
In a battle between force and an idea, the latter always prevails.
economic liberalism
Economic knowledge necessarily leads to liberalism
government liberty negation
Government is essentially the negation of liberty.
real data slumps
The boom is called good business, prosperity, and upswing. Its unavoidable aftermath, the readjustment of conditions to the real data of the market, is called crisis, slump, bad business, depression.