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
civilization east essentials
The essential characteristic of Western civilization that distinguishes it from the arrested and petrified civilizations of the East was and is its concern for freedom from the state.
essentials income fortune
The inequality of income and fortunes is essential in capitalism.
government enforcement essentials
The essential feature of government is the enforcement of its decrees by beating, killing, and imprisoning.
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.
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.
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.
running attitude real
The real bosses in the capitalist system of market economy are the consumers. They by their buying and by their abstention from buying decide who should own the capital and run the plants. They determine what should be produced and in what quantity and quality. Their attitudes result either in profit or in loss for the enterpriser. They make poor men rich and rich men poor. They are no easy bosses.
division-of-labor people love-one-another
People do not cooperate under the division of labor because they love or should love one another. They cooperate because this best serves their own interests.