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
two action reason
Reason and action are congeneric and homogenous, two aspects of the same phenomenon.
acting action reason
Action based on reason, action therefore which is only to be understood by reason, knows only one end, the greatest pleasure of the acting individual.
law doe action
What is a loophole? If the law does not punish a definite action or does not tax a definite thing, this is not a loophole. It is simply the law.
libertarian action affair
Action is an attempt to substitute a more satisfactory state of affairs for a less satisfactory one. We call such a willfully induced alteration an exchange.
actors doe action
It is impossible to describe any human action if one does not refer to the meaning the actor sees in the stimulus as well as in the end his response is aiming at.
action behavior humans
Human action is purposeful behavior.
thinking firsts action
All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.
men tangible action
Economics is not about things and tangible material objects; it is about men, their meanings and actions.
goal common socialism
Socialism and interventionism. Both have in common the goal of subordinating the individual unconditionally to the state.
mean liberty finals
There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.
struggle political police
The main political problem is how to prevent the police power from becoming tyrannical. This is the meaning of all the struggles for liberty.
war fighting wish
Whoever wishes peace among peoples must fight statism.
order entrepreneur benefits
The consumers are merciless. They never buy in order to benefit a less efficient producer and to protect him against the consequences of his failure to manage better. They want to be served as well as possible. And the working of the capitalist system forces the entrepreneur to obey the orders issued by the consumers.
book gun men
It is not the fault of the entrepreneurs that the consumers,the people, the common man,prefer liquor to Bibles and detective stories to serious books, and that governments prefer guns to butter. The entrepreneur does not make greater profits in selling bad things than in selling good things. His profits are the greater the better he succeeds in providing the consumers with those things they ask for most intensely.