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
capitalist-economy liberty libertarian
Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.
socialism economy rational
Socialism is the renunciation of rational economy.
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.
economy social supremacy
The market economy-capitalism-is a social system of consumers' supremacy.
economic economy sovereignty
What vitiates entirely the socialists economic critique of capitalism is their failure to grasp the sovereignty of the consumers in the market economy.
liberty kind economy
There is no kind of freedom and liberty other than the kind which the market economy brings about.
real boss economy
The real bosses, in the capitalist system of market economy, are the consumers.
civilization would-be economy
If history could teach us anything, it would be that private property is inextricably linked with civilization.
strong capitalist-economy desire
The desire for an increase of wealth can be satisfied through exchange, which is the only method possible in a capitalist economy, or by violence and petition as in a militarist society, where the strong acquire by force, the weak by petitioning.
war
War... is harmful, not only to the conquered but to the conqueror.
attitude conquer mind war
Only one thing can conquer war - that attitude of mind which can see nothing in war but destruction and annihilation.
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.