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
Ludwig von Mises quotes about
people political want
No people and no part of a people shall be held against its will in a political association that it does not want.
beautiful past artist
Only stilted pedants can conceive the idea that there are absolute norms to tell what is beautiful and what is not. They try to derive from the works of the past a code of rules with which, as they fancy, the writers and artists of the future should comply. But the genius does not cooperate with the pundit.
human-nature socialism economics
German Marxian's coined the dictum: If socialism is against human nature, then human nature must be changed.
freedom government law
The so-called liberals of today have the very popular idea that freedom of speech, of thought, of the press, freedom of religion, freedom from imprisonment without trial-that all these freedoms can be preserved in the absence of what is called economic freedom. They do not realize that, in a system where there is no market, where the government directs everything, all those other freedoms are illusory, even if they are made into laws and written up in constitutions.
wealth capacity mass
The masses, in their capacity as consumers, ultimately determine everybody's revenues and wealth.
profit
Taxing profits is tantamount to taxing success.
ideas political vices
The idea that political freedom can be preserved in the absence of economic freedom, and vice versa, is an illusion. Political freedom is the corollary of economic freedom.
war father essence
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.
running government issues
True, governments can reduce the rate of interest in the short run. They can issue additional paper money. They can open the way to credit expansion by the banks. They can thus create an artificial boom and the appearance of prosperity. But such a boom is bound to collapse soon or late and to bring about a depression.
government new-inventions patents
If the government objects to monopoly prices for new inventions, it should stop granting patents.
exercise thinking evil
Some think that they will exercise power for the general good, but that is what all those with power have believed. Power is evil in itself, regardless of who exercises it.
views liberty failing
All varieties of interference with the market phenomena not only fail to achieve the ends aimed at by their authors and supporters, but bring about a state of affairs which - from the point of view of their authors and advocates valuations - is less desirable than the previous state of affairs which they were designed to alter.
progress coercion resistance
The whole of mankind's progress has had to be achieved against the resistance and opposition of the state and its power of coercion.
law fundamentals customers
The fundamental law of the market is: the customer is always right.