Ludwig von Mises Quotes - Page 14

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The market is not a place, a thing, or a collective entity. The market is a process, actuated by the interplay of the actions of the various individuals cooperating under the division of labor.

Ludwig von Mises

Process, Entity, Collectives

"Human action: a treatise on economics".

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Suggestion of the Communist Manifesto was 'abolition of all right of inheritance.' Looking backward upon the past history of estate taxes, we have to realize that they more and more have approached the goal set by Marx. Estate taxes of the height they have already attained for the upper brackets are no longer to be qualified as taxes. They are measures of expropriation.

Ludwig von Mises

Past, Goal, Suggestions

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Most of us have no sympathy with the rich idler who spends his life in pleasure without ever doing any work. But even he fulfills a function in the life of the social organism. He sets an example of luxury that awakens in the multitude a consciousness of new needs and gives industry the incentive to fulfill them.

Ludwig von Mises

Luxury, Giving, Example

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No one can escape the influence of a prevailing ideology.

Ludwig von Mises

Influence, Prevailing, Ideology

Ludwig Von Mises (1960). “Epistemological Problems of Economics”, p.210, Ludwig von Mises Institute

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The body of economic knowledge is an essential element in the structure of human civilization; it is the foundation upon which modern industrialism and all the moral, intellectual, technological, and therapeutical achievements of the last centuries have been built.

Ludwig von Mises

Wisdom, Civilization, Achievement

Ludwig von Mises (2016). “Human Action”, p.1100, Lulu Press, Inc

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A citizen who casts his ballot without having to the best of his abilities studied as much economics as he can fails in his civic duties.

Ludwig von Mises

Citizens, Failing, Economics

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Experience shows that nothing is operated with less economy and with more waste of labor and material of every kind than public services and undertakings. Private enterprise on the other hand naturally induces the owner to work with the greatest economy in his own interest.

Ludwig von Mises

Hands, Waste, Kind

Ludwig von Mises (2016). “Socialism - An Economic and Sociological Analysis: The Economist”, p.157, VM eBooks

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All the talk about the so-called unspeakable horror of early capitalism can be refuted by a single statistic: precisely in these years in which British capitalism developed, precisely in the age called the Industrial Revolution in England, in the years from 1760 to 1830, precisely in those years the population of England doubled.

Ludwig von Mises

Years, Age, Population

Ludwig Von Mises (2006). “Economic Policy: Thoughts for Today and Tomorrow”, p.7, Ludwig von Mises Institute

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Socialism and interventionism. Both have in common the goal of subordinating the individual unconditionally to the state.

Ludwig von Mises

Goal, Common, Socialism

Ludwig Von Mises (1985). “Omnipotent Government: The Rise of the Total State and Total War”, Libertarian Press

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As the science of economics...exploded the fallacies of every brand of utopianism, it was outlawed and stigmatized as unscientific.

Ludwig von Mises

Liberty, Economics, Fallacy

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The liberals of the eighteenth century, guided by the ideas of natural law and of the Enlightenment, demanded for everyone equality of political and civil rights... Nothing, however, is as ill-founded as the assertion of the alleged equality of all members of the human race.

Ludwig von Mises

Rights, Race, Law

Ludwig von Mises (2016). “Liberalism: The Classical Tradition: The Economist”, p.14, VM eBooks

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Everything brought forward in favor of Socialism during the last hundred years, in thousands of writings and speeches, all the blood which has been spilt by the supporters of Socialism, cannot make socialism workable.

Ludwig von Mises

Writing, Blood, Years

Ludwig von Mises (2016). “Socialism - An Economic and Sociological Analysis: The Economist”, p.109, VM eBooks

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Men are fighting one another because they are convinced that the extermination and liquidation of adversaries is the only means of promoting their own well-being.

Ludwig von Mises

Peace, War, Mean

"Human Action: A Treatise on Economics".

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In the world of reality, life, and human action there is no such thing as interests independent of ideas, preceding them temporarily and logically. What a man considers his interest is the result of his ideas.

Ludwig von Mises

Independent, Reality, Men

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No one should expect that any logical argument or any experience could ever shake the almost religious fervor of those who believe in salvation through spending and credit expansion.

Ludwig von Mises

Religious, Believe, Logical Arguments

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

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Competition on the market aims at assigning to every individual that function in the social system in which he can render to all his fellow men the most valuable of the services he is able to perform.

Ludwig von Mises

Men, Competition, Fellow Man

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In reality no food is valued solely for its nutritive power and no garment or house solely for the protection it affords against cold weather and rain.... the demand for goods is widely influenced by metaphysical, religious, and ethical considerations, by aesthetic value judgments, by customs, habits, prejudice, tradition, changing fashions, and many other things.

Ludwig von Mises

Religious, Fashion, Rain

Ludwig von Mises (2016). “Human Action”, p.290, Lulu Press, Inc

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The direction of all economic affairs is in the market society a task of the entrepreneurs. Theirs is the control of production. They are at the helm and steer the ship. A superficial observer would believe that they are supreme. But they are not. They are bound to obey unconditionally the captain's orders.

Ludwig von Mises

Believe, Order, People

"Human Action".

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A genius is always a teacher, never a pupil; he is always self-made.

Ludwig von Mises

Teacher, Self, Genius

Ludwig von Mises (2016). “Bureaucracy: The Economist”, p.13, VM eBooks

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What is lacking to the underdeveloped nations is not knowledge, but capital.

Ludwig von Mises

Lacking, Nations

Ludwig Von Mises (1962). “The Ultimate Foundation of Economic Science: An Essay on Method”

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In the long run the ideas of the majority, however detrimental they may be, will carry on. The future of mankind depends on the ability of the elite to influence public opinion in the right direction.

Ludwig von Mises

Running, Freedom, Ideas

Ludwig Von Mises (1962). “The Ultimate Foundation of Economic Science: An Essay on Method”

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It is always the individual who thinks. Society does not think any more than it eats or drinks. The evolution of human reasoning from the naive thinking of primitive man to the more subtle thinking of modern science took place within society. However, thinking itself is always an achievement of individuals.

Ludwig von Mises

Men, Thinking, Primitive Man

Ludwig Von Mises (1963). “Human action: a treatise on economics”

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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.

Ludwig von Mises

Freedom, Government, Principles

Ludwig Von Mises (1963). “Human action: a treatise on economics”

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Thoughts and ideas are not phantoms. They are real things. Although intangible and immaterial, they are factors in bringing about changes in the realm of tangible and material things.

Ludwig von Mises

Real, Ideas, Tangible

Ludwig von Mises (2016). “An Interpretation of Social and Economic Evolution: The Economist”, p.69, VM eBooks

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Do the American voters know that the unprecedented improvement in their standard of living that the last hundred years brought was the result of the steady rise in the per-head quota of capital invested? Do they realize that every measure leading to capital decumulation jeopardizes their prosperity?

Ludwig von Mises

Years, Gold, Quota

Ludwig Von Mises (2008). “Planning for Freedom: Let the Market System Work : a Collection of Essays and Addresses”

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Born: September 29, 1881
Died: October 10, 1973
Occupation: Philosopher
Cite this Page: Citation

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