Ludwig von Mises Quotes - Page 9

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• 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.

  Ludwig von Mises

  Men, Differences, Liberty

  Ludwig von Mises (2016). “Socialism - An Economic and Sociological Analysis: The Economist”, p.409, VM eBooks

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• Daily experience proves clearly to everybody but the most bigoted fanatics of socialism that governmental management is inefficient and wasteful.

  Ludwig von Mises

  Management, Socialism, Prove

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

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• The masses do not like those who surpass them in any regard. The average man envies and hates those who are different.

  Ludwig von Mises

  Hate, Men, Average

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

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• Inequality of wealth and incomes is an essential feature of the market economy. It is the implement that makes the consumers supreme in giving them the power to force all those engaged in production to comply with their orders. It forces all those engaged in production to the utmost exertion in the service of the consumers. It makes competition work. He who best serves the consumers profits most and accumulates riches.

  Ludwig von Mises

  Order, Giving, Competition

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

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• There is but one means available to improve the material conditions of mankind: to accelerate the growth of capital accumulated as against the growth in population. The greater the amount of capital invested per head of the worker, the more and better goods can be produced and consumed. This is what capitalism, the much abused profit system, has brought about and brings about daily anew. Yet, most present-day governments and political parties are eager to destroy this system.

  Ludwig von Mises

  Party, Mean, Government

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• Assistance granted to the unemployed does not dispose of unemployment. It makes it easier for the unemployed to remain idle.

  Ludwig von Mises

  Doe, Unemployment, Granted

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• War is harmful, not only to the conquered but to the conqueror. Society has arisen out of the works of peace; the essence of society is peacemaking. Peace and not war is the father of all things. Only economic action has created the wealth around us; labor, not the profession of arms, brings happiness. Peace builds, war destroys.

  Ludwig von Mises

  War, Father, Essence

  Ludwig von Mises (2016). “Socialism - An Economic and Sociological Analysis: The Economist”, p.44, VM eBooks

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• When we call a capitalist society a consumers democracy we mean that the power to dispose of the means of production, which belongs to the entrepreneurs and capitalists, can only be acquired by means of the consumers ballot, held daily in the marketplace.

  Ludwig von Mises

  Mean, Entrepreneur, Liberty

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• The masses, in their capacity as consumers, ultimately determine everybody's revenues and wealth.

  Ludwig von Mises

  Wealth, Capacity, Mass

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

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• ...this remedy is the power of the citizens; they have to prevent the establishment of such an autocratic regime that arrogates to itself a higher wisdom than that of the average citizen. This is the fundamental difference between freedom and serfdom.

  Ludwig von Mises

  Freedom, Average, Differences

  Ludwig Von Mises (2006). “Economic Policy: Thoughts for Today and Tomorrow”, p.54, Ludwig von Mises Institute

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• No people and no part of a people shall be held against its will in a political association that it does not want.

  Ludwig von Mises

  People, Political, Doe

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• Economic control is not merely control of a sector of human life that can be separated from the rest; it is the control of the means for all our ends.

  Ludwig von Mises

  Mean, Economic, Ends

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

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• The early industrialists were for the most part men who had their origin in the same social strata from which their workers came. They lived very modestly, spent only a fraction of their earnings for their households and put the rest back into the business.

  Ludwig von Mises

  Men, Earning, Social

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• If the practice persists of covering government deficits with the issue of notes, then the day will come without fail, sooner or later, when the monetary systems of those nations pursuing this course will break down completely. The purchasing power of the monetary unit will decline more and more, until finally it disappears completely.

  Ludwig von Mises

  Government, Disappear Completely, Practice

  Ludwig Von Mises (1978). “On the Manipulation of Money and Credit”, Dobbs Ferry, N.Y. : Free Market Books

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• The meaning of economic freedom is this: that the individual is in a position to choose the way in which he wants to integrate himself into the totality of society.

  Ludwig von Mises

  Want, Way, Economic

  Ludwig Von Mises (2006). “Economic Policy: Thoughts for Today and Tomorrow”, p.17, Ludwig von Mises Institute

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• Government means always coercion and compulsion and is by necessity the opposite of liberty.

  Ludwig von Mises

  Freedom, Mean, Government

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

  5 Copy quote

• The common man is the sovereign consumer whose buying or abstention from buying ultimately determines what should be produced and in what quantity and quality.

  Ludwig von Mises

  Men, Liberty, Quality

  Ludwig Von Mises (1978). “Anti-Capitalistic Mentality, The”, p.1, Ludwig von Mises Institute

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• A wealthy man can preserve his wealth only by continuing to serve the consumers in the most efficient way.

  Ludwig von Mises

  Men, Way, Wealth

  Ludwig von Mises (2016). “Human Action”, p.335, Lulu Press, Inc

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• The sharper the competition, the better it serves its social function to improve economic production.

  Ludwig von Mises

  Competition, Economic, Social

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• There is no western, capitalistic country in which the conditions of the masses have not improved in an unprecedented way.

  Ludwig von Mises

  Country, Way, Mass

  Ludwig Von Mises (2006). “Economic Policy: Thoughts for Today and Tomorrow”, p.13, Ludwig von Mises Institute

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• Almost all the fathers of socialism were members of the upper middle class or of the professions.

  Ludwig von Mises

  Father, Class, Socialism

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

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• The alcoholic and the drug addict harm only themselves by their behavior; the person who violates the rules of morality governing mans life in society harms not only himself, but everyone.

  Ludwig von Mises

  Drug, Morality, Behavior

  Ludwig von Mises (2016). “Liberalism: The Classical Tradition: The Economist”, p.22, VM eBooks

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• The [liberals] consider profits as objectionable. The very existence of profits is in their eyes a proof that wage rates could be raised without harm to anybody. They speak of profit without dealing with loss. Profit and loss are the instruments by means of which the consumers keep a tight rein on all business activities. A profitable enterprise tends to expand; an unprofitable one tends to shrink. The elimination of profit renders production rigid and abolishes the consumer's control.

  Ludwig von Mises

  Mean, Eye, Loss

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• The truth is that capitalism has not only multiplied population figures, but at the same time, improved the people's standard of living in an unprecedented way. Neither economic thinking nor historical experience suggests that any other social system could be as beneficial to the masses as capitalism. The results speak for themselves. The market economy needs no apologists and propagandists. It can apply to itself the words of Sir Christopher Wren's epitaph in St. Paul's: Si monumentum requires, circumspice.

  Ludwig von Mises

  Thinking, People, Historical

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• Every innovation makes its appearance as a 'luxury' of the few well-to-do. After industry has become aware of it, the luxury then becomes a 'necessity' for all.

  Ludwig von Mises

  Luxury, Innovation, Appearance

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