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.
men liberty libertarian
Government cannot make man richer, but it can make him poorer.
freedom government libertarian
Once the principle is admitted that it is the duty of the government to protect the individual against his own foolishness, no serious objections can be advanced against further encroachments.
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.
competition libertarian today
The public firm can nowhere maintain itself in free competition with the private firm; it is possible today only where it has a monopoly that excludes competition. Even that alone is evidence of its lesser economic productivity.
men libertarian events
The vigorous man industriously striving for the improvement of his condition acts neither more nor less than the lethargic man who sluggishly takes things as they come. For to do nothing and to be idle are also action, they too determine the course of events.
liberty libertarian economic
The program of classical liberalism, condensed into a single word, would have to read: property.
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.