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
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.
taken magic liberty
Public works are not accomplished by the miraculous power of a magic wand. They are paid for by funds taken away from the citizens.
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.
people entrepreneur done
The entrepreneur profits to the extent he has succeeded in serving the consumers better than other people have done.
inspirational mean joints
Society is joint action and cooperation in which each participant sees the other partner's success as a means for the attainment of his own.
buying tasks individual
To assign to everybody his proper place in society is the task of the consumers. Their buying and abstention from buying is instrumental in determining each individual's social position.
party games business-deals
In a game there are winners and losers. But a business deal is always advantageous for both parties. If both the buyer and the seller were not to consider the transaction as the most advantageous action they could choose under the prevailing conditions, they would not enter into the deal.
ideas numbers government
Only to bureaucrats can the idea occur that establishing new offices, promulgating new decrees, and increasing the number of government employees alone can be described as positive and beneficial measures.
peace war want
Whoever wants peace among nations must seek to limit the state and its influence most strictly.