Ludwig von Mises Quotes - Page 13

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• The school is a political prize of the highest importance. It cannot be deprived of its political character as long as it remains a public and compulsory institution.

  Ludwig von Mises

  School, Character, Long

  Ludwig Von Mises (1962). “The free and prosperous commonwealth: an exposition of the ideas of classical liberalism”

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• A nation cannot prosper if its members are not fully aware of the fact that what alone can improve their condition s is more and better production. And this can only be brought about by increased saving and capital accumulation.

  Ludwig von Mises

  Saving, Facts, Accumulation

  Ludwig Von Mises, Murray Newton Rothbard (1980). “Planning for freedom, and sixteen other essays and addresses”, Libertarian Press, Incorporated

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• The financial history of the last century shows a steady increase in the amount of public indebtedness. Nobody believes that the states will eternally drag the burden of these interest payments. It is obvious that sooner or later all these debts will be liquidated in some way or other, but certainly not by payment of interest and principal according to the terms of the contract.

  Ludwig von Mises

  Believe, Debt, Way

  Ludwig von Mises (2016). “Human Action”, p.282, Lulu Press, Inc

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• The unpopularity of economics is the result of its analysis of the effects of privileges. It is impossible to invalidate the economists demonstration that all privileges hurt the interests of the rest of the nation or at least a great part of it.

  Ludwig von Mises

  Hurt, Liberty, Privilege

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• The market economy as such does not respect political frontiers. Its field is the world.

  Ludwig von Mises

  Business, Political, Doe

  Human Action: A Treatise on Economics ch. 15 (1949)

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• Economic theory has demonstrated in an irrefutable way that a prosperity created by an expansionist monetary and credit policy is illusory and must end in a slump, an economic crisis.

  Ludwig von Mises

  Slumps, Credit, Way

  Ludwig Von Mises (1990). “Economic freedom and interventionism: an anthology of articles and essays”

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• The governments alone are responsible for the spread of the superstitious awe with which the common man looks upon every bit of paper upon which the treasury or agencies which it controls have printed the magical words legal tender.

  Ludwig von Mises

  Men, Agency, Looks

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• The main achievement of economics is that it has provided a theory of peaceful human cooperation. This is why the harbingers of violent conflict have branded it as a dismal science and why this age of wars, civil wars, and destruction has no use for it.

  Ludwig von Mises

  War, Achievement, Peaceful

  Ludwig Von Mises (1990). “Economic freedom and interventionism: an anthology of articles and essays”

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• It is labor alone that is productive: it creates wealth and therewith lays the outward foundations for the inward flowering of man.

  Ludwig von Mises

  Men, Foundation, Inward

  Ludwig von Mises (2016). “Liberalism: The Classical Tradition: The Economist”, p.10, VM eBooks

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• Capital is not a free gift of God or of nature. It is the outcome of a provident restriction of consumption on the part of man. It is created and increased by saving and maintained by the abstention from dissaving.

  Ludwig von Mises

  Men, Free Gifts, Saving

  Ludwig Von Mises (1978). “Anti-Capitalistic Mentality, The”, p.84, Ludwig von Mises Institute

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• Anarchism misunderstands the real nature of man. It would be practicable only in a world of angels and saints

  Ludwig von Mises

  Real, Angel, Men

  Ludwig von Mises (2016). “Liberalism: The Classical Tradition: The Economist”, p.23, VM eBooks

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• The only means to well-being is to increase the quantity of products. This is what business aims at.

  Ludwig von Mises

  Mean, Increase, Aim

  Ludwig Von Mises (1947). “Planned Chaos”, p.12, Ludwig von Mises Institute

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• 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.

  Ludwig von Mises

  Attitude, Fighting, People

  Ludwig Von Mises (1978). “Anti-Capitalistic Mentality, The”, p.112, Ludwig von Mises Institute

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• What those people who ask for equality have in mind is always an increase in their own power to consume.

  Ludwig von Mises

  People, Justice, Mind

  Ludwig von Mises (2016). “Human Action”, p.1042, Lulu Press, Inc

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• Human action is purposeful behavior.

  Ludwig von Mises

  Action, Behavior, Humans

  Ludwig von Mises (2016). “Human Action”, p.17, Lulu Press, Inc

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• Without speculation there can be no economic activity reaching beyond the immediate present.

  Ludwig von Mises

  Economic, Reaching, Speculation

  Ludwig von Mises (2016). “Socialism - An Economic and Sociological Analysis: The Economist”, p.118, VM eBooks

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• Monetary calculation is not the calculation, and certainly not the measurement, of value. Its basis is the comparison of the more important and the less important. It is an ordering according to rank, an act of grading (Cuhel), and not an act of measuring. It was a mistake to search for a measure of the value of goods. In the last analysis, economic calculation does not rest on the measurement of values, but on their arrangement in an order of rank.

  Ludwig von Mises

  Mistake, Order, Important

  Ludwig Von Mises (1960). “Epistemological Problems of Economics”, p.169, Ludwig von Mises Institute

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• No architect is held responsible for the behavior of those who inhabit the structure he designed.

  Ludwig von Mises

  Behavior, Architect, Responsible

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• The policy of letting the free market determine the height of wage rates is the only reasonable and successful full-employment policy.

  Ludwig von Mises

  Successful, Employment, Height

  Ludwig Von Mises, Murray Newton Rothbard (1980). “Planning for freedom, and sixteen other essays and addresses”, Libertarian Press, Incorporated

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• The prerequisite for more economic equality in the world is industrialization. And this is possible only through increased capital investment, increased capital accumulation.

  Ludwig von Mises

  Industrialization, World, Investment

  Ludwig Von Mises (2006). “Economic Policy: Thoughts for Today and Tomorrow”, p.86, Ludwig von Mises Institute

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• The genuine history of mankind is the history of ideas. It is
  ideas that distinguish man from all other beings. Ideas
  engender social institutions, political changes, technologi-
  cal methods of production, and all that is called economic
  conditions.

  Ludwig von Mises

  Men, Ideas, Political

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• The policies advocated by the welfare school remove the incentive to saving on the part of private citizens.

  Ludwig von Mises

  School, Citizens, Incentives

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• Plato and Hitler were both the same kind of consistent socialists who planned also for the production of future socialists, the breeding and education of future members of society.

  Ludwig von Mises

  Plato, Kind, Members

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• One day, because they realize for some reason or other that they must stop credit expansion, the banks do stop creating new credit to lend. Then the firms that have expanded cannot get credit to pay for the factors of production necessary for the completion of the investment projects which they have already committed themselves. Because they cannot pay their bills, they sell off their inventories cheap. Then comes the panic, the breakdown. And the depression starts.

  Ludwig von Mises

  Creating, One Day, Expansion

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• What vitiates entirely the socialists economic critique of capitalism is their failure to grasp the sovereignty of the consumers in the market economy.

  Ludwig von Mises

  Economic, Economy, Sovereignty

  "Liberty and Property". Book by Ludwig von Mises, October 15, 1958.

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