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
class entrepreneur progress
What is called economic progress is the joint effect of the activities of the three progressive groups-or classes-of the savers, the scientist-inventors, and the entrepreneurs, operating in a market economy as far as it is not sabotaged by the endeavors of the nonprogressive majority of the routinists and the public policies supported by them.
thinking class ability
The class of those who have the ability to think their own thoughts is separated by an unbridgeable gulf from the class of those who cannot.
father class socialism
Almost all the fathers of socialism were members of the upper middle class or of the professions.
philosophy progressive-taxation class
The philosophy underlying the system of progressive taxation is that the income and wealth of the well-to-do classes can be freely tapped. What the advocates of these tax rates fail to realize is that the greater part of the incomes taxed away would not have been consumed but saved and invested.
religious believe logical-arguments
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.
income wealth enterprise
In capitalist enterprise there is no secure income and no security of wealth.
causes wealth mass
The wealth of the well-to-do of an industrial society is both the cause and effect of the masses' well-being.
almsgiving
All almsgiving inevitably tends to pauperize the recipient.
jobs government people
The interventionist policy (big government) provides thousands and thousands of people with safe, placid, and not too strenuous jobs at the expense of the rest of society.
freedom men civilization
Western civilization is based upon the libertarian principle, and all its achievements are the results of the action of free men.
unemployment doe granted
Assistance granted to the unemployed does not dispose of unemployment. It makes it easier for the unemployed to remain idle.
careers fundamentals matter
The socialist system, however, forbids this fundamental freedom to choose one's own career. Under socialist conditions, there is only one economic authority, and it has the right to determine all matters concerning production.
may poverty execution
The elimination of profit, whatever methods may be resorted to for its execution, must transform society into a senseless jumble. It would create poverty for all.
civilization culture standards
A higher standard of living also brings about a higher standard of culture and civilization.