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
mistake mean facts
The characteristic feature of a free society is that it can function in spite of the fact that its members disagree in many judgments of value. Freedom really means the freedom to make mistakes.
biblical found overlooked
Each epoch has found in the Gospels what it sought to find there, and has overlooked what it wished to overlook.
intolerance liberalism
Liberalism must be intolerant of every sort of intolerance.
law letters constitution
Where there is no market economy, the best intentioned provisions of constitutions and laws remain a dead letter.
competition economy doom
Servile labour disappeared because it could not stand the competition of free labour; its un-profitability sealed its doom in the market economy.
mean productions presses
A free press can only exist where there is private control over the means of production
men self fellow-man
What impels every man to the utmost exertion in the service of his fellow man. Is, in the market not compulsion on the part of gendarmes, hangmen and penal courts, it is self interest.
attitude fighting evil
An anti-something movement displays a purely negative attitude. It has no chance whatever to succeed. Its passionate diatribes virtually advertise the program they attack. People must fight for something that they want to achieve, not simply reject an evil, however bad it may be.
war government would-be
Government force is derived from the sum of the physical force each citizen could exert which by one citizen himself would be ineffective, but when summed from the force of all the area's citizens indeed composes a power no citizen or group can withstand. That force is then rightly but justly to be used against those who violate the foundation pillars of freedom.
civilization principles alternatives
The market system is the basis of our civilization. Its only alternative is the Führer principle.
blessing overconsumption scarce
The boom squanders through malinvestment scarce factors of production and reduces the stock available through overconsumption; its alleged blessings are paid for by impoverishment.
war men economic
The attainment of the economic aims of man presupposes peace.
government evil balance
If one regards inflation as an evil, then one has to stop inflating. One has to balance the budget of the government.
citizens failing economics
A citizen who casts his ballot without having to the best of his abilities studied as much economics as he can fails in his civic duties.